How To Fix LOP023 - Exercise date &1 is invalid. Key &2

SAP Error Message - Details

• Message type: E = Error

• Message class: LOP - Logistical contract options

• Message number: 023

• Message text: Exercise date &1 is invalid. Key &2

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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message LOP023 - Exercise date &1 is invalid. Key &2 ?

  The SAP error message LOP023 indicates that there is an issue with the exercise date specified in a transaction related to options or financial instruments. The message typically means that the exercise date provided is not valid for the key (which usually refers to a specific financial instrument or option).
  Cause:
  
  Invalid Date: The exercise date may be outside the permissible range defined in the system. This could be due to it being in the past or beyond the expiration date of the option.
  Configuration Issues: The settings for the financial instrument may not be correctly configured, leading to invalid date ranges.
  Data Entry Error: There may have been a typographical error when entering the exercise date.
  Key Issues: The key referenced in the error message may not correspond to a valid financial instrument or may not be properly set up in the system.
  
  Solution:
  
  Check the Exercise Date: Verify that the exercise date you are trying to use is valid. Ensure it falls within the acceptable range for the specific financial instrument.
  Review Configuration: Check the configuration settings for the financial instrument in question. Ensure that the exercise dates are correctly defined and that the instrument is active.
  Correct Data Entry: If the date was entered manually, double-check for any typographical errors and correct them.
  Validate the Key: Ensure that the key referenced in the error message corresponds to a valid financial instrument. If necessary, consult with your SAP administrator or financial team to confirm the validity of the key.
  Consult Documentation: Refer to SAP documentation or help resources for specific details on the financial instrument and its configuration.
  
  Related Information:
  
  Transaction Codes: Depending on your SAP version, you may need to use specific transaction codes to check the configuration of financial instruments (e.g., transaction codes related to derivatives or options).
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles and Permissions: Ensure that you have the necessary permissions to access and modify the financial instruments in question.
  
  If the issue persists after checking these aspects, it may be beneficial to reach out to your SAP support team for further assistance.