How To Fix J-128 - Valuation of options: Error when reading volatility of ref. int. rate &

SAP Error Message - Details

• Message type: E = Error

• Message class: J- -

• Message number: 128

• Message text: Valuation of options: Error when reading volatility of ref. int. rate &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message J-128 - Valuation of options: Error when reading volatility of ref. int. rate & ?

  The SAP error message J-128, which states "Valuation of options: Error when reading volatility of ref. int. rate," typically occurs in the context of financial instruments, particularly when dealing with options and derivatives in SAP's Treasury and Risk Management module. This error indicates that the system is unable to retrieve the necessary volatility data for the reference interest rate used in the valuation of options.
  Causes:
  
  Missing Data: The volatility data for the reference interest rate may not be maintained in the system. This could be due to missing configuration or data entry.
  Incorrect Configuration: The settings for the reference interest rate or the volatility model may not be correctly configured in the system.
  Data Source Issues: If the volatility data is supposed to be fetched from an external source (like a market data provider), there may be connectivity issues or the data feed may not be functioning properly.
  Versioning Issues: If there are multiple versions of the interest rate or volatility data, the system may be trying to access a version that does not exist or is inactive.
  
  Solutions:
  
  Check Data Maintenance: Verify that the volatility data for the reference interest rate is correctly maintained in the system. This can usually be done in the configuration settings for financial instruments.
  Review Configuration: Ensure that the configuration for the reference interest rate and the associated volatility model is set up correctly. This includes checking the settings in the relevant customizing transactions.
  Data Source Verification: If the volatility data is sourced externally, check the connection to the data provider and ensure that the data feed is active and functioning correctly.
  Update or Correct Data: If the data is missing or incorrect, update it accordingly. This may involve entering new volatility data or correcting existing entries.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the configuration and maintenance of volatility data for financial instruments.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as TPM1, TPM2, or TPM3 for managing financial instruments and their valuations.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  Testing: After making changes, perform tests to ensure that the error is resolved and that the valuation of options is functioning as expected.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP expert or your organization's SAP support team for further assistance.