How To Fix RY507 - Insufficient historical volatil. data for volatility type &, underlying &

SAP Error Message - Details

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 507

• Message text: Insufficient historical volatil. data for volatility type &, underlying &

What causes this issue?

The historical time period for volatility type &V1& and underlying &V2&
has not been provided with enough data. Thus, no shifts can be stored
for this risk factor.

System Response

The system can not calculate on the affected node on the risk
hierarchy.

How to fix this error?

Maintain the historical market data for volatility, or set the error
tolerance higher. Currently, only &V3& historical market data can be
missing.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message RY507 - Insufficient historical volatil. data for volatility type &, underlying & ?

  The SAP error message RY507 indicates that there is insufficient historical volatility data for a specified volatility type and underlying asset. This error typically arises in the context of financial instruments, particularly in the area of risk management and derivatives pricing, where volatility data is crucial for calculations.
  
  Cause:
  
  
  Lack of Historical Data: The primary cause of this error is that the system does not have enough historical volatility data for the specified volatility type and underlying asset. This could be due to:
  
  The underlying asset not having a long enough trading history.
  The volatility type not being defined or populated in the system.
  Data not being loaded or updated correctly in the system.
  
  
  
  
  Configuration Issues: There may be configuration issues in the SAP system that prevent the correct retrieval of volatility data.
  
  
  Data Source Issues: If the system relies on external data sources for volatility data, there may be issues with connectivity or data availability.
  
  
  
  Solution:
  
  
  Check Historical