How To Fix RY816 - Underlying option exercise date must be > option on option exercise date

SAP Error Message - Details

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 816

• Message text: Underlying option exercise date must be > option on option exercise date

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RY816 - Underlying option exercise date must be > option on option exercise date ?

  The SAP error message RY816, which states "Underlying option exercise date must be > option on option exercise date," typically occurs in the context of financial instruments, particularly when dealing with options in SAP's Treasury and Risk Management module. This error indicates that there is a problem with the exercise dates of the options involved in a transaction.
  Cause:
  The error arises when the exercise date of the underlying option is not later than the exercise date of the option itself. In other words, the system expects that the underlying option (the option that is being referenced) should have an exercise date that is after the exercise date of the option that is being exercised. If this condition is not met, the system will throw this error.
  Solution:
  To resolve this error, you should:
  
  
  Check the Exercise Dates: Review the exercise dates of both the underlying option and the option you are trying to exercise. Ensure that the exercise date of the underlying option is indeed later than that of the option you are working with.
  
  
  Adjust Dates: If the dates are incorrect, you may need to adjust the exercise date of either the underlying option or the option itself to ensure compliance with the requirement.
  
  
  Review Transaction Data: Ensure that all related transaction data is correctly entered and that there are no discrepancies in the option details.
  
  
  Consult Documentation: If you are unsure about the correct dates or how to adjust them, refer to the SAP documentation or consult with your financial team or SAP support for guidance.
  
  
  Test Changes: After making the necessary adjustments, re-attempt the transaction to see if the error persists.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that might provide additional context or solutions for this error.
  Transaction Codes: Familiarize yourself with the transaction codes related to options and derivatives in SAP, as they may help you navigate the system more effectively.
  Training: If you frequently encounter this error, consider additional training on SAP Treasury and Risk Management to better understand how options and their exercise dates work within the system.
  
  By following these steps, you should be able to resolve the RY816 error and proceed with your transaction.