How To Fix J-119 - Valuation of options is not possible; underlying cannot be determined

SAP Error Message - Details

• Message type: E = Error

• Message class: J- -

• Message number: 119

• Message text: Valuation of options is not possible; underlying cannot be determined

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message J-119 - Valuation of options is not possible; underlying cannot be determined ?

  The SAP error message J-119, "Valuation of options is not possible; underlying cannot be determined," typically occurs in the context of financial instruments, particularly when dealing with options in the SAP system. This error indicates that the system is unable to determine the underlying asset for the option, which is necessary for its valuation.
  Causes:
  
  Missing Underlying Asset Information: The underlying asset for the option may not be defined or may be missing in the system.
  Incorrect Configuration: The configuration settings for the option or the underlying asset may be incorrect or incomplete.
  Data Inconsistencies: There may be inconsistencies in the data related to the option or its underlying asset, such as incorrect mappings or missing entries.
  Market Data Issues: The required market data for the underlying asset may not be available or may not have been updated.
  Valuation Date Issues: The valuation date may not be set correctly, leading to the inability to determine the underlying asset.
  
  Solutions:
  
  Check Underlying Asset Definition: Ensure that the underlying asset for the option is correctly defined in the system. This includes checking the asset master data and ensuring that it is active and correctly linked to the option.
  Review Configuration Settings: Verify the configuration settings for both the option and the underlying asset. Ensure that all necessary parameters are set correctly.
  Data Consistency Check: Perform a data consistency check to identify any discrepancies or missing information related to the option and its underlying asset.
  Update Market Data: Ensure that the market data for the underlying asset is up to date. This may involve refreshing data feeds or manually entering missing data.
  Set Valuation Date: Make sure that the valuation date is set correctly in the transaction or report you are running. This can often resolve issues related to valuation.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that deal with financial instruments, such as transaction codes for managing options and underlying assets.
  SAP Notes: Check for any SAP Notes related to this error message. SAP frequently releases notes that provide fixes or workarounds for known issues.
  Documentation: Review SAP documentation related to financial instruments and options valuation to understand the requirements and configurations needed for proper functioning.
  Support: If the issue persists after checking the above points, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By addressing the underlying causes and following the suggested solutions, you should be able to resolve the J-119 error and successfully perform the valuation of options in SAP.