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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message RY354 - Correlation type and volatility types have differing sample categories ?

  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 the volatility types are set to the same sample category.
  
  
  
  Adjust Sample Categories:
  
  If you find that they are set to different sample categories, adjust one of them to match the other. For example, if the correlation type is set to "daily," change the volatility type to "daily" as well.
  
  
  
  Review Data Input:
  
  Ensure that the data being input for the correlation and volatility calculations is consistent and adheres to the defined sample categories.
  
  
  
  Test the Changes:
  
  After making the necessary adjustments, re-run the process that triggered the error to confirm that it has been resolved.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct settings, refer to the SAP documentation or help resources related to Treasury and Risk Management for guidance on configuring correlation and volatility types.
  
  
  
  Seek Support:
  
  If the issue persists after checking the configurations, consider reaching out to your SAP support team or consulting with an SAP expert who can provide more tailored assistance.
  
  
  
  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 transaction codes related to Treasury and Risk Management, such as TRM1 for managing correlation types and TRM2 for volatility types.
  Training and Documentation: Consider training sessions or documentation on SAP Treasury and Risk Management to better understand how to configure and manage these settings effectively.
  
  By ensuring that the correlation and volatility types are aligned in terms of their sample categories, you should be able to resolve the RY354 error and proceed with your financial calculations or analyses.