How To Fix RY064 - Simulation: Specify CFaR method

RY064 - Overview

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 064

• Message text: Simulation: Specify CFaR method

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message RY064 - Simulation: Specify CFaR method ?

  The SAP error message RY064, which states "Simulation: Specify CFaR method," typically occurs in the context of financial risk management, particularly when dealing with the calculation of Cash Flow at Risk (CFaR) in SAP's Risk Management module.
  
  Cause:
  The error arises when a simulation is initiated without specifying a Cash Flow at Risk (CFaR) method. This can happen if:
  
  The user has not selected a CFaR method in the simulation parameters.
  The configuration for CFaR methods is incomplete or missing in the system.
  There may be a system or user authorization issue preventing the selection of the method.
  
  
  Solution:
  To resolve the RY064 error, you can follow these steps:
  
  
  Specify CFaR Method:
  
  When setting up the simulation, ensure that you select a valid CFaR method from the available options. This is typically done in the simulation parameters screen.
  
  
  
  Check Configuration:
  
  Verify that the CFaR methods are properly configured in the system. This can be done by navigating to the relevant configuration