How To Fix REMICL036 - No measurement type found for option rate method &1

SAP Error Message - Details

• Message type: E = Error

• Message class: REMICL - Texts for Migration of Classic RE => RE-FX

• Message number: 036

• Message text: No measurement type found for option rate method &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message REMICL036 - No measurement type found for option rate method &1 ?

  The SAP error message REMICL036 indicates that there is no measurement type found for the specified option rate method in the context of risk management or financial instruments. This error typically arises in the context of financial transactions, particularly when dealing with derivatives or structured products.
  Cause:
  The error can occur due to several reasons:
  
  Missing Configuration: The measurement type for the specified option rate method has not been defined in the system.
  Incorrect Option Rate Method: The option rate method specified in the transaction may not be valid or may not correspond to any measurement type in the system.
  Data Inconsistency: There may be inconsistencies in the data or configuration settings related to financial instruments or risk management.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for the option rate methods in the SAP system.
  Ensure that the measurement type is correctly defined for the specified option rate method.
  You can check the configuration in the following path:
  
  SPRO > Financial Services > Risk Management > Market Risk Management > Measurement Types > Define Measurement Types.
  
  
  
  
  
  Validate Option Rate Method:
  
  Verify that the option rate method you are using is valid and correctly entered in the transaction.
  Cross-check with the documentation or configuration to ensure that it exists.
  
  
  
  Review Master Data:
  
  Check the master data related to the financial instruments involved in the transaction.
  Ensure that all necessary data is complete and correctly maintained.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to the specific module you are working with (e.g., Risk Management, Financial Instruments).
  Look for any notes or updates that might address this specific error.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and data, consider reaching out to SAP support for further assistance. Provide them with the error message details and any relevant transaction information.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help in navigating the configuration settings, such as SPRO for configuration and SE11 for data dictionary checks.
  SAP Notes: Search for SAP Notes related to REMICL036 or similar error messages in the SAP Support Portal, as they may provide specific fixes or patches.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary changes to resolve it.