How To Fix RY354 - Correlation type and volatility types have differing sample categories

RY354 - Overview

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 354

• Message text: Correlation type and volatility types have differing sample categories

What causes this issue?

Correlation type and volatility type have different sampling
categories. The chosen combination does not make sense from a business
point of view. The sampling category of the correlation type has been
set.

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?

Maintain the same characteristics for your volatility type-statistic
type as for the sampling category.

Error message extract from SAP system. Copyright SAP SE.

RY354 - Details

• The SAP error message RY354, which states "Correlation type and volatility types have differing sample categories," typically occurs in the context of financial applications, particularly when dealing with risk management, financial instruments, or derivatives in SAP's Treasury and Risk Management module.
  
  Cause:
  This error arises when there is a mismatch between the sample categories of the correlation type and the volatility types being used in a calculation or analysis. In SAP, correlation types and volatility types are often defined with specific sample categories (e.g., daily, weekly, monthly). If the correlation type is set to one sample category (e.g., daily) and the volatility type is set to another (e.g., monthly), the system cannot process the data correctly, leading to this error.
  
  Solution:
  To resolve the RY354 error, you can follow these steps:
  
  
  Check Configuration: 
  
  Go to the configuration settings for the correlation type and volatility types in your SAP system.
  Ensure that both the correlation type and