How To Fix RY060 - Item calc.: Only delta or delta/gamma allowed for variance/covariance

SAP Error Message - Details

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 060

• Message text: Item calc.: Only delta or delta/gamma allowed for variance/covariance

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RY060 - Item calc.: Only delta or delta/gamma allowed for variance/covariance ?

  The SAP error message RY060, which states "Item calc.: Only delta or delta/gamma allowed for variance/covariance," typically occurs in the context of financial instruments and risk management within SAP's Treasury and Risk Management module. This error indicates that there is an issue with the calculation method specified for a financial instrument's variance or covariance.
  Cause:
  
  Incorrect Calculation Method: The error arises when the system is trying to calculate the variance or covariance of a financial instrument, but the specified calculation method is not compatible. Specifically, only "delta" or "delta/gamma" methods are allowed for these calculations.
  Configuration Issues: There may be a configuration issue in the settings for the financial instruments or the risk management settings in SAP.
  Data Entry Errors: Incorrect data entry in the financial instrument master data or transaction data can lead to this error.
  
  Solution:
  
  Check Calculation Method: Review the financial instrument settings to ensure that the calculation method is set to either "delta" or "delta/gamma." You can do this by navigating to the relevant configuration settings in the SAP system.
  Review Instrument Configuration: Ensure that the financial instrument is configured correctly in the system. This includes checking the valuation methods and ensuring they align with the requirements for variance/covariance calculations.
  Correct Data Entry: Verify that all relevant data entries for the financial instrument are correct. This includes checking the parameters and settings that might affect the calculation.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on configuring financial instruments and risk management settings.
  Contact SAP Support: If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They can provide more detailed insights based on your specific configuration and usage.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to financial instruments and risk management, such as transaction codes for configuring financial instruments (e.g., TRM1, TRM2).
  Training and Documentation: Consider training sessions or documentation on SAP Treasury and Risk Management to better understand the configuration and calculation methods available.
  
  By following these steps, you should be able to identify and resolve the cause of the RY060 error in your SAP system.