How To Fix RY042 - Option on exercise date not yet exercised or expired

SAP Error Message - Details

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 042

• Message text: Option on exercise date not yet exercised or expired

What causes this issue?

You are evaluating an option on its exercise date, but this option has
not yet been exercised or has not yet expired. The status of the option
(<LS>Active</>, <LS>Exercised</>, <LS>Expired</>) can have an influence
on the calculated value.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Decide whether you want to exercise or expire the option before
evaluation to calculate the appropriate value.

Procedure for System Administrators

INCLUDE '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 RY042 - Option on exercise date not yet exercised or expired ?

  The SAP error message RY042, which states "Option on exercise date not yet exercised or expired," typically occurs in the context of managing financial instruments, particularly options, within the SAP system. This error indicates that an attempt is being made to exercise an option that is either not yet eligible for exercise or has already expired.
  Cause:
  
  Exercise Date Not Reached: The option's exercise date has not yet arrived. Options can only be exercised on or after their specified exercise date.
  Option Expired: The option has already passed its expiration date, making it no longer valid for exercise.
  Incorrect Data Entry: There may be an error in the data entry, such as incorrect dates or option details.
  System Configuration: The system may not be configured correctly to handle the specific option type or its exercise conditions.
  
  Solution:
  
  Check Dates: Verify the exercise date of the option. Ensure that the current date is on or after the exercise date for the option to be exercised.
  Review Expiration: Confirm that the option has not expired. If it has, you will not be able to exercise it.
  Correct Data Entry: Double-check the details entered in the system for the option. Ensure that all relevant fields are filled out correctly.
  Consult Documentation: Review the documentation for the specific option type to understand its exercise conditions and any restrictions that may apply.
  System Configuration: If the issue persists, consult with your SAP administrator or technical support team to ensure that the system is configured correctly for handling options.
  
  Related Information:
  
  SAP Modules: This error is typically encountered in SAP modules related to Financial Services, such as SAP Treasury and Risk Management (TRM).
  Transaction Codes: Familiarize yourself with relevant transaction codes that may be used to manage options and their exercise, such as transaction codes for managing financial instruments.
  User Roles: Ensure that the user attempting to exercise the option has the necessary permissions and roles assigned in the SAP system.
  Documentation and Help: Refer to SAP Help Portal or specific SAP notes related to financial instruments for additional guidance and troubleshooting steps.
  
  If the problem continues after following these steps, it may be beneficial to reach out to SAP support for further assistance.