How To Fix RY708 - Historical quotes missing for commodity &, exch.rate ind. &

SAP Error Message - Details

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 708

• Message text: Historical quotes missing for commodity &, exch.rate ind. &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RY708 - Historical quotes missing for commodity &, exch.rate ind. & ?

  The SAP error message RY708 indicates that historical quotes for a specific commodity and exchange rate indicator are missing in the system. This error typically arises in the context of commodity trading and risk management, where historical price data is essential for various calculations and reporting.
  Cause:
  
  
  Missing Data: The primary cause of this error is that the system does not have historical quotes for the specified commodity and exchange rate indicator. This could be due to:
  
  Data not being uploaded or maintained in the system.
  Incorrect configuration or settings in the commodity management module.
  The commodity or exchange rate indicator not being set up properly in the system.
  
  
  
  Data Archiving: Historical data may have been archived or deleted, leading to the absence of required quotes.
  
  
  Incorrect Time Frame: The request for historical quotes may be for a time frame for which no data exists.
  
  
  Solution:
  
  
  Check Data Availability: Verify if historical quotes for the specified commodity and exchange rate indicator exist in the system. You can do this by:
  
  Navigating to the relevant transaction or report that displays historical quotes.
  Checking the database or data source for the required information.
  
  
  
  Data Upload: If the historical quotes are indeed missing, you may need to upload the necessary data. This can involve:
  
  Importing data from external sources or files.
  Manually entering the missing historical quotes if the dataset is small.
  
  
  
  Configuration Review: Review the configuration settings for the commodity and exchange rate indicator to ensure they are set up correctly. This may involve:
  
  Checking the settings in the commodity management module.
  Ensuring that the exchange rate types are correctly defined and linked to the commodities.
  
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific instructions on how to manage historical quotes and resolve related issues.
  
  
  Contact Support: If the issue persists after checking the above points, consider reaching out to SAP support or your internal IT team for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that deal with commodity management and historical data, such as:
  
  COTR: Commodity Trading
  COTR1: Display Historical Quotes
  
  
  Data Maintenance: Ensure that regular maintenance and updates of historical data are part of your data management processes.
  User Roles: Ensure that users have the appropriate roles and permissions to access and manage historical quotes in the system.
  
  By following these steps, you should be able to identify the cause of the RY708 error and implement a solution to resolve it.