How To Fix RY551 - Volatility & not found for volatility type & for &

SAP Error Message - Details

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 551

• Message text: Volatility & not found for volatility type & for &

What causes this issue?

No entries were found for &V3&, nor for earlier dates for volatility
&V1& and volatility type &V2&. The search was carried out in the
central volatility market database. It could be the case that a
suitable entry was found in the underlying-specific volatility
databases.

System Response

The search is carried out in the underlying-specific volatility
databases.

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 RY551 - Volatility & not found for volatility type & for & ?

  The SAP error message RY551 typically indicates that there is an issue with the volatility type in the context of financial instruments or derivatives. This error occurs when the system cannot find the specified volatility type for the given parameters.
  Cause:
  
  Missing Volatility Type: The specified volatility type does not exist in the system. This could be due to incorrect configuration or data entry.
  Incorrect Configuration: The volatility type may not be properly configured in the system, leading to it being unrecognized.
  Data Entry Error: There may be a typo or incorrect reference in the transaction or report that is trying to access the volatility type.
  Master Data Issues: The master data related to the financial instruments may not be set up correctly, leading to the inability to find the volatility type.
  
  Solution:
  
  Check Configuration: Verify that the volatility type is correctly configured in the system. This can typically be done in the customizing settings (SPRO) under the relevant financial module.
  Create or Update Volatility Type: If the volatility type does not exist, you may need to create it or update the existing one. This usually involves defining the volatility type in the relevant configuration settings.
  Review Input Parameters: Double-check the input parameters in the transaction or report that triggered the error. Ensure that the volatility type is correctly specified and matches the expected format.
  Consult Documentation: Refer to SAP documentation or help resources for guidance on how to set up and manage volatility types.
  Check Master Data: Ensure that all related master data for the financial instruments is correctly set up and linked to the appropriate volatility types.
  
  Related Information:
  
  Transaction Codes: Depending on your SAP version and configuration, you may need to use specific transaction codes to access the configuration settings for volatility types.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Support: If the issue persists after checking the above, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in financial modules.
  
  By following these steps, you should be able to identify and resolve the issue related to the RY551 error message in SAP.