How To Fix REITOR034 - Contract &1: No option rate method is defined on &2

SAP Error Message - Details

• Message type: E = Error

• Message class: REITOR - RE: Input Tax Treatment - Option Rate Determination

• Message number: 034

• Message text: Contract &1: No option rate method is defined on &2

What causes this issue?

The option rate should be determined for object &V1& on &V2&. No option
rate method is defined for this contract on this key date. In
Customizing it is set up that no option rates should be determined for
this contract (the indicator <DS:DE.RECNNOOPTMETH>"Option Rate Method
Not Required"</> is set for the contract type).

System Response

Since the contract was selected the system informs you that the option
rate cannot be calculated.

How to fix this error?

If contract &V1& should participate in the option rate determination,
maintain an option rate method for this contract.

Procedure for System Administrators

INCLUDE 'RECA_CUSTOMIZED_MESSAGE_INFO' OBJECT DOKU ID TX

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message REITOR034 - Contract &1: No option rate method is defined on &2 ?

  The SAP error message REITOR034 indicates that there is an issue with a contract in the SAP system, specifically that no option rate method is defined for the contract. This error typically arises in the context of contract management, particularly when dealing with financial contracts that involve options or derivatives.
  Cause:
  The error occurs when:
  
  A contract (identified by &1) is being processed, but the system cannot find a defined option rate method for the associated object (identified by &2).
  The option rate method is necessary for calculating rates or values related to options in the contract.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Contract Configuration:
  
  Navigate to the contract in question and verify its configuration settings.
  Ensure that the option rate method is defined for the contract. This can usually be done in the contract management or financial contract settings.
  
  
  
  Define Option Rate Method:
  
  If the option rate method is not defined, you will need to create or assign an appropriate option rate method.
  This can typically be done in the customizing settings of the SAP system. Look for the relevant configuration path, which may be under Financial Services or Contract Management.
  
  
  
  Review Master Data:
  
  Check if the master data related to the contract (such as the financial instrument or product type) has the necessary settings for option rate methods.
  Ensure that all relevant fields are filled out correctly.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on defining option rate methods and their implications for contracts.
  
  
  
  Testing:
  
  After making the necessary changes, test the contract processing again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like RECN (Contract Management) or SPRO (Customizing) to access the relevant settings.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to identify and resolve the REITOR034 error in your SAP system.