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

RY087 - Overview

• 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