How To Fix RY814 - Option on option currency must be same as underlying option currency

SAP Error Message - Details

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 814

• Message text: Option on option currency must be same as underlying option currency

What causes this issue?

An option on an option currency must be consistent with the underlying
option currency.

System Response

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

How to fix this error?

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 RY814 - Option on option currency must be same as underlying option currency ?

  The SAP error message RY814, which states "Option on option currency must be same as underlying option currency," typically occurs in the context of financial transactions involving options in SAP's Treasury and Risk Management module. This error indicates that there is a mismatch between the currency of the option and the currency of the underlying asset or option.
  Cause:
  The error arises when you attempt to create or process an option that is based on another option (a "nested option") where the currencies do not match. For example, if you have an underlying option denominated in USD, but you are trying to create a new option based on it in EUR, SAP will throw this error.
  Solution:
  To resolve this error, you should ensure that the currency of the option you are trying to create matches the currency of the underlying option. Here are the steps you can take:
  
  
  Check the Currencies: Verify the currency of the underlying option. You can do this by reviewing the details of the underlying option in the SAP system.
  
  
  Adjust the New Option: When creating the new option, make sure to set the currency to match that of the underlying option. If the underlying option is in USD, the new option should also be in USD.
  
  
  Review Transaction Data: If you are importing or uploading data, ensure that the currency fields are correctly populated and consistent.
  
  
  Consult Documentation: If you are unsure about the correct currencies to use, refer to your organization's financial policies or consult with a financial analyst or SAP consultant.
  
  
  Test Changes: After making the necessary adjustments, try to process the transaction again to see if the error persists.
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message. Sometimes, there may be known issues or additional guidance provided by SAP.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for managing options and derivatives, such as:
  
  TPM1: Create option
  TPM2: Change option
  TPM3: Display option
  
  
  Training and Documentation: Consider training sessions or documentation on SAP Treasury and Risk Management to better understand how to manage options and their currencies.
  
  By ensuring that the currencies are aligned, you should be able to resolve the RY814 error and proceed with your financial transactions in SAP.