How To Fix J-188 - Underlying for position & expired before it was exercised

SAP Error Message - Details

• Message type: E = Error

• Message class: J- -

• Message number: 188

• Message text: Underlying for position & expired before it was exercised

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.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message J-188 - Underlying for position & expired before it was exercised ?

  The SAP error message J-188 typically indicates that there is an issue with a financial instrument or position that has expired before it could be exercised. This error is often encountered in the context of financial transactions, particularly in the areas of derivatives, options, or other financial instruments managed within SAP's Financial Supply Chain Management (FSCM) or Treasury modules.
  Cause:
  
  Expired Position: The primary cause of this error is that the position or financial instrument has reached its expiration date, and any attempts to exercise or settle it are no longer valid.
  Incorrect Dates: There may be discrepancies in the date settings or configurations that lead to the position being considered expired.
  Data Entry Errors: Incorrect data entry during the creation of the financial instrument or position can lead to this error.
  System Configuration: The system may not be configured correctly to handle the lifecycle of the financial instrument.
  
  Solution:
  
  Check Expiration Date: Verify the expiration date of the position. If it has indeed expired, you will need to assess whether any further action is necessary or if the position can be closed.
  Review Transaction Details: Look into the details of the transaction to ensure that all relevant information is correct and that the position was intended to be exercised before expiration.
  Adjust Dates: If the expiration date is incorrect, you may need to adjust it in the system, provided that the position has not yet expired.
  Consult Documentation: Refer to SAP documentation or your organization's internal guidelines for handling expired positions and the specific steps to take in your situation.
  Contact Support: If the issue persists or if you are unsure how to proceed, consider reaching out to your SAP support team or consulting with a financial expert who is familiar with SAP's Treasury and Risk Management modules.
  
  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 in SAP that pertain to financial instruments, such as those used for managing derivatives or options.
  Training and Documentation: Ensure that users involved in managing financial instruments are adequately trained and have access to documentation that outlines the processes for handling expirations and exercises.
  
  By following these steps, you should be able to address the J-188 error and ensure proper management of financial positions within your SAP system.