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

RY816 - Overview

• 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.