How To Fix J-156 - Option on indexes: Underlying not quoted in points

SAP Error Message - Details

• Message type: E = Error

• Message class: J- -

• Message number: 156

• Message text: Option on indexes: Underlying not quoted in points

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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Smart SAP Assistant

• What is the cause and solution for SAP error message J-156 - Option on indexes: Underlying not quoted in points ?

  The SAP error message J-156, which states "Option on indexes: Underlying not quoted in points," typically occurs in the context of financial instruments, particularly when dealing with options and their underlying assets in the SAP system. This error indicates that there is an issue with the configuration or data related to the underlying asset of an option.
  Cause:
  
  Missing Configuration: The underlying asset for the option may not be properly configured in the system. This could mean that the asset is not set up as a quoted instrument or that it lacks the necessary market data.
  Data Inconsistency: There may be inconsistencies in the data related to the underlying asset, such as missing or incorrect pricing information.
  Market Data Issues: The market data for the underlying asset may not be available or may not be in the expected format (e.g., not quoted in points).
  Incorrect Instrument Type: The option may be linked to an underlying asset that is not compatible with the option type being used.
  
  Solution:
  
  Check Configuration: Verify that the underlying asset is correctly configured in the SAP system. Ensure that it is set up as a quoted instrument and that all necessary parameters are defined.
  Update Market Data: Ensure that the market data for the underlying asset is up to date. This may involve importing or refreshing market data feeds.
  Review Instrument Types: Confirm that the option is linked to the correct type of underlying asset. If the underlying asset is not suitable for the option, consider changing it to a compatible one.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on configuring options and their underlying assets.
  Contact Support: If the issue persists, consider reaching out to SAP support or your internal IT team for further assistance. They may be able to provide insights based on system logs or configurations.
  
  Related Information:
  
  SAP Financial Services: This error is often encountered in the context of SAP's financial services modules, such as SAP Treasury and Risk Management.
  Market Data Management: Understanding how market data is managed and updated in SAP can help prevent similar issues in the future.
  Training and Documentation: Familiarize yourself with SAP's training materials and documentation related to financial instruments and options to better understand the system's requirements.
  
  By addressing the underlying causes and following the suggested solutions, you should be able to resolve the J-156 error in SAP.