How To Fix RY552 - Definition of volatility profile for volatility & is inconsistent

SAP Error Message - Details

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 552

• Message text: Definition of volatility profile for volatility & is inconsistent

What causes this issue?

For volatility &V1&, volatility profiles exist on the central volatility
database that have the same parameters (residual term of the option,
residual term of the underlying, moneyness). This is an error.Access to
the volatility database is cancelled.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

Using the maintenance transaction, change the Customizing for the
volatility profile as necessary.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message RY552 - Definition of volatility profile for volatility & is inconsistent ?

  The SAP error message RY552, which states "Definition of volatility profile for volatility & is inconsistent," typically occurs in the context of SAP's Financial Supply Chain Management (FSCM) or Treasury and Risk Management modules. This error indicates that there is an inconsistency in the configuration of the volatility profile for a specific financial instrument or derivative.
  Cause:
  
  Inconsistent Configuration: The volatility profile may not be properly defined in the system. This could be due to missing parameters, incorrect settings, or a mismatch between the expected and actual data.
  Data Integrity Issues: There may be issues with the underlying data that the volatility profile relies on, such as missing or incorrect entries in the relevant tables.
  Versioning Issues: If there have been recent changes or updates to the volatility profiles or related configurations, it may lead to inconsistencies.
  User Input Errors: Manual entries or changes made by users could lead to inconsistencies if not done according to the required format or standards.
  
  Solution:
  
  
  Check Configuration: Review the configuration of the volatility profile in the system. Ensure that all required fields are filled out correctly and that the profile is properly defined.
  
  Navigate to the relevant configuration settings in SAP (usually found under the Treasury or Risk Management settings).
  Verify that the volatility profile is set up according to the specifications required for the financial instruments you are working with.
  
  
  
  Data Validation: Check the underlying data for the volatility profile. Ensure that all necessary data entries are present and correct.
  
  Look for any missing or incorrect entries in the relevant tables (e.g., volatility data tables).
  
  
  
  Consistency Check: Use SAP's tools to perform a consistency check on the volatility profiles. This may help identify any discrepancies or issues that need to be addressed.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on setting up and maintaining volatility profiles. This can provide insights into common pitfalls and best practices.
  
  
  Contact Support: If the issue persists after checking the configuration and data, consider reaching out to SAP support or your internal SAP team for further assistance. They may have additional tools or insights to help resolve the issue.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to volatility profiles and risk management (e.g., transaction codes for configuration settings).
  SAP Notes: Check for any SAP Notes related to error RY552. SAP Notes often contain fixes, workarounds, or additional information about known issues.
  Training and Documentation: Ensure that users involved in managing volatility profiles are adequately trained and have access to documentation that outlines the correct procedures for setting up and maintaining these profiles.
  
  By following these steps, you should be able to identify and resolve the inconsistency causing the RY552 error in SAP.