How To Fix RY807 - Next fixing date (&1) is after the expiration date of the option (&2)

SAP Error Message - Details

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 807

• Message text: Next fixing date (&1) is after the expiration date of the option (&2)

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message RY807 - Next fixing date (&1) is after the expiration date of the option (&2) ?

  The SAP error message RY807 indicates that there is a discrepancy between the next fixing date of a financial option and its expiration date. Specifically, the next fixing date is set to a date that occurs after the expiration date of the option, which is not permissible.
  Cause:
  
  Incorrect Date Configuration: The next fixing date may have been incorrectly configured in the system, leading to it being set after the expiration date.
  Data Entry Error: There may have been a manual data entry error when inputting the dates for the option.
  System Logic Error: In some cases, there may be a logic error in the program or configuration that calculates the next fixing date.
  
  Solution:
  
  Check Dates: Review the option's configuration in the system. Ensure that the next fixing date is set to a date that is on or before the expiration date.
  Adjust Dates: If the next fixing date is indeed set incorrectly, adjust it to a valid date that complies with the expiration date.
  Review Documentation: Consult the relevant documentation or guidelines for setting up options in SAP to ensure compliance with the system's requirements.
  Consult with IT or SAP Support: If you are unable to resolve the issue, it may be necessary to consult with your IT department or SAP support for further assistance.
  
  Related Information:
  
  Transaction Codes: Depending on your SAP version, you may need to use specific transaction codes to access the option configuration (e.g., transaction codes related to derivatives or financial instruments).
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on handling options and their dates.
  Training and Documentation: Ensure that users involved in entering or managing financial options are adequately trained and have access to the necessary documentation to prevent similar errors in the future.
  
  By following these steps, you should be able to resolve the RY807 error and ensure that the next fixing date is correctly aligned with the expiration date of the option.