How To Fix RY402 - Yield curve type &1 in currency &2 not maintained for scenario &3

SAP Error Message - Details

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 402

• Message text: Yield curve type &1 in currency &2 not maintained for scenario &3

What causes this issue?

The current market data is being used for yield curve &V1&(&V2&) within
the context of scenario &V3&.

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?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message RY402 - Yield curve type &1 in currency &2 not maintained for scenario &3 ?

  The SAP error message RY402 indicates that a yield curve type for a specific currency and scenario has not been maintained in the system. This error typically arises in the context of financial applications, particularly in treasury and risk management modules where yield curves are used for various calculations, such as pricing, valuation, and risk assessment.
  Cause:
  
  Missing Yield Curve Configuration: The specified yield curve type for the given currency and scenario has not been set up in the system.
  Incorrect Configuration: The yield curve might be incorrectly configured or not activated for the specified scenario.
  Data Entry Error: There may be a typo or incorrect entry in the transaction or configuration settings that reference the yield curve.
  
  Solution:
  
  
  Maintain Yield Curve:
  
  Go to the transaction code for maintaining yield curves (e.g., TCURV or FINS_CURRENCY_YIELD_CURVE).
  Check if the yield curve type for the specified currency and scenario exists.
  If it does not exist, create a new yield curve entry for the required currency and scenario.
  Ensure that the curve is properly defined with the necessary parameters.
  
  
  
  Check Configuration:
  
  Verify that the yield curve type is correctly assigned to the relevant financial instruments or scenarios.
  Ensure that the yield curve is active and valid for the intended use.
  
  
  
  Review Documentation:
  
  Consult SAP documentation or help resources for specific instructions on maintaining yield curves and the required settings for your version of SAP.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction or process again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as TCURV for yield curve maintenance, FINS_CURRENCY_YIELD_CURVE, or others specific to your SAP version.
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to yield curves and this specific error message.
  User Roles: Ensure that you have the necessary authorizations to maintain yield curves in the system.
  Consult with SAP Support: If the issue persists after following the above steps, consider reaching out to SAP support for further assistance.
  
  By addressing the configuration of the yield curve type, you should be able to resolve the RY402 error and proceed with your financial operations in SAP.