How To Fix J-136 - Deriv.of par rate from YC with yield cat. "zero bond yield" not possible

SAP Error Message - Details

• Message type: E = Error

• Message class: J- -

• Message number: 136

• Message text: Deriv.of par rate from YC with yield cat. "zero bond yield" not possible

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message J-136 - Deriv.of par rate from YC with yield cat. "zero bond yield" not possible ?

  The SAP error message J-136, which states "Derivation of par rate from YC with yield cat. 'zero bond yield' not possible," typically occurs in the context of financial transactions involving yield curves and bond pricing in SAP's Treasury and Risk Management module. This error indicates that the system is unable to derive a par rate from the yield curve due to the specified yield category being set to "zero bond yield."
  Cause:
  
  Zero Bond Yield Configuration: The yield category "zero bond yield" is likely configured in a way that does not allow for the derivation of a par rate. This can happen if the yield curve does not have the necessary data points or if the configuration is incorrect.
  Missing Data: The yield curve may not have sufficient data for the specified maturity or the required parameters to calculate the par rate.
  Incorrect Yield Curve: The yield curve being referenced may not be appropriate for the type of financial instrument or transaction being processed.
  Inconsistent Settings: There may be inconsistencies in the settings related to yield categories, such as missing or incorrect mappings.
  
  Solution:
  
  Check Yield Curve Configuration: Verify the configuration of the yield curve in the system. Ensure that it is set up correctly and that it includes the necessary data points for the "zero bond yield" category.
  Review Yield Category Settings: Check the settings for the yield category in question. Ensure that it is correctly defined and that it can derive a par rate from the available yield curve data.
  Data Completeness: Ensure that the yield curve has all the required data points for the relevant maturities. If necessary, update or extend the yield curve data.
  Use Alternative Yield Categories: If the "zero bond yield" category is not suitable for the transaction, consider using a different yield category that allows for the derivation of a par rate.
  Consult Documentation: Review SAP documentation or consult with your SAP support team for specific guidance on yield curve and yield category configurations.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide updates and patches that could resolve the issue.
  Transaction Codes: Familiarize yourself with transaction codes related to yield curve management (e.g., transaction code "TPM1" for yield curve maintenance).
  Testing: After making changes, conduct tests to ensure that the error is resolved and that the system can successfully derive the par rate from the yield curve.
  User Forums: Consider checking SAP community forums or user groups for similar issues and solutions shared by other users.
  
  If the problem persists after following these steps, it may be beneficial to engage with SAP support for further assistance.