How To Fix RY805 - Underlyings of basket option are are a mixture of put and call

SAP Error Message - Details

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 805

• Message text: Underlyings of basket option are are a mixture of put and call

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RY805 - Underlyings of basket option are are a mixture of put and call ?

  The SAP error message RY805 indicates that there is an issue with the underlying assets of a basket option in the SAP system. Specifically, it points out that the underlying assets consist of a mixture of put and call options, which is not allowed for certain types of basket options.
  Cause:
  The error typically arises when:
  
  Mixed Option Types: The basket option is defined with underlying assets that include both put and call options. This is not permissible for certain financial instruments, as they are expected to have a consistent type of underlying asset.
  Configuration Issues: There may be a misconfiguration in the way the basket option is set up in the system, leading to the inclusion of both types of options.
  Data Entry Errors: Incorrect data entry when defining the basket option or its underlying assets can lead to this error.
  
  Solution:
  To resolve the RY805 error, consider the following steps:
  
  
  Review Underlying Assets: Check the underlying assets of the basket option. Ensure that all underlying assets are of the same type (either all puts or all calls).
  
  
  Modify Basket Option: If the basket option is incorrectly configured, modify it to include only one type of option. You may need to create separate basket options for puts and calls if both are required.
  
  
  Data Validation: Ensure that the data entered for the basket option and its underlying assets is correct and consistent. Validate the entries against the requirements of the financial instrument.
  
  
  Consult Documentation: Refer to SAP documentation or guidelines related to basket options and their underlying assets to ensure compliance with the system's requirements.
  
  
  Seek Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with a financial expert familiar with SAP's financial modules.
  
  
  Related Information:
  
  Basket Options: These are financial derivatives that allow investors to buy or sell a group of underlying assets as a single unit.
  Put and Call Options: A put option gives the holder the right to sell an asset at a specified price, while a call option gives the holder the right to buy an asset at a specified price.
  SAP Financial Modules: Familiarize yourself with the specific SAP modules related to financial instruments, such as SAP Treasury and Risk Management (TRM), which may provide additional insights into managing options and derivatives.
  
  By following these steps, you should be able to identify and correct the issue causing the RY805 error in your SAP system.