How To Fix RY087 - Enter start of term for American-style exercising of option (&1)

SAP Error Message - Details

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 087

• Message text: Enter start of term for American-style exercising of option (&1)

What causes this issue?

For options with American exercise category, the start of the term is
the same as the notification period.
The start of the notification period is required for the analysis of the
generic transaction. However, this value is missing from elementary
transaction &V1&.
<ZH>Note:</> The system determines the number of the elementary
transaction for a generic transaction (transaction RCA00) by assigning
numbers, starting with 1, on each level of the hierarchy tree, starting
from the top and working downwards. In the external data transfer, this
number matches the NGIDNR, the sequential number for a GID in the FGET.
<ZH>Example:</>
Number,, Tree
1,,,, Elementary transaction (top level)
2,, ,, |_ Elementary transaction (second level)
4,,,, |_Elementary transaction (third level)
5,,,, |_Elementary transaction (third level)
7,,,, |_Elementary transaction (fourth level)
3,,,, |_ Elementary transaction (second level)
6,,,, |_Elementary transaction (third level)

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?

Enter the start date of the term.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message RY087 - Enter start of term for American-style exercising of option (&1) ?

  The SAP error message RY087, which states "Enter start of term for American-style exercising of option (&1)," typically occurs in the context of managing financial instruments, particularly options, within the SAP system. This error indicates that the system requires a start date for the term of an American-style option, which allows for exercising the option at any time before or on the expiration date.
  Cause:
  
  Missing Start Date: The primary cause of this error is that the start date for the term of the option has not been entered in the system. For American-style options, this date is crucial as it defines the period during which the option can be exercised.
  Incorrect Configuration: There may be issues with the configuration of the financial instrument in the SAP system, leading to the requirement for a start date not being met.
  Data Entry Error: The user may have overlooked entering the required information when creating or modifying the option.
  
  Solution:
  
  Enter Start Date: Navigate to the relevant transaction or screen where the option is being managed and ensure that the start date for the term of the option is entered correctly. This is typically done in the option's master data or during the transaction entry.
  Check Configuration: If the start date is already entered but the error persists, check the configuration settings for the financial instruments in the SAP system. Ensure that the settings for American-style options are correctly defined.
  Review Documentation: Consult the SAP documentation or help resources for guidance on the specific fields required for American-style options. This can provide insights into any additional fields that may need to be filled out.
  Consult with SAP Support: If the issue continues after verifying the above steps, consider reaching out to SAP support or your internal SAP team for further assistance. They may provide insights specific to your system configuration.
  
  Related Information:
  
  American-style Options: These options can be exercised at any time before or on the expiration date, which is why the start date is critical.
  SAP Financial Instruments Module: Familiarize yourself with the relevant modules in SAP that deal with financial instruments, as they may have specific requirements and configurations.
  Transaction Codes: Depending on your SAP version, you may need to use specific transaction codes (like transaction codes for managing financial instruments) to access the relevant data.
  
  By ensuring that the start date is correctly entered and that the configuration is appropriate, you should be able to resolve the RY087 error.