How To Fix RY567 - Crcy pair &1: Swap rates read directly not via reference crcy &2

SAP Error Message - Details

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 567

• Message text: Crcy pair &1: Swap rates read directly not via reference crcy &2

What causes this issue?

For the currency pair &V1&, the cross-swap rates cannot be determined
with the reference currency &V2&.

System Response

The system applies the swap rates directly for this currency pair.

How to fix this error?

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

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 RY567 - Crcy pair &1: Swap rates read directly not via reference crcy &2 ?

  The SAP error message RY567 indicates an issue related to currency pairs and swap rates in the context of financial transactions or instruments. This error typically arises when the system is unable to retrieve swap rates for a specific currency pair directly, and instead, it expects to obtain them via a reference currency.
  Cause:
  The error message "Crcy pair &1: Swap rates read directly not via reference crcy &2" suggests that:
  
  The system is trying to read swap rates for a currency pair (denoted as &1) directly, but it is not configured to do so.
  The expected reference currency (denoted as &2) is not set up correctly or is missing, leading to the inability to derive the swap rates.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Configuration:
  
  Ensure that the currency pair in question is correctly configured in the system. This includes verifying that the swap rates for the currency pair are available and correctly maintained in the system.
  Check the settings for the reference currency to ensure it is properly defined and linked to the currency pair.
  
  
  
  Maintain Swap Rates:
  
  If the swap rates for the currency pair are not maintained, you will need to enter them. This can typically be done in the transaction code related to financial instruments or currency management (e.g., transaction code OB08 for exchange rates).
  
  
  
  Review Currency Pair Settings:
  
  Go to the relevant configuration settings in SAP (e.g., in the Financial Services module) and ensure that the currency pair is set up to allow for direct reading of swap rates if that is the intended configuration.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to currency management and swap rates to ensure that all necessary configurations are in place.
  
  
  
  Contact Support:
  
  If the issue persists after checking the configurations and maintaining the necessary data, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 for maintaining exchange rates, or other financial transaction codes that may be relevant to your specific setup.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  Documentation: Review the SAP Financial Services documentation for detailed information on currency management and swap rates.
  
  By following these steps, you should be able to identify and resolve the underlying issue causing the RY567 error message in SAP.