How To Fix RY822 - No volatility was found for the strike interval specified

SAP Error Message - Details

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 822

• Message text: No volatility was found for the strike interval specified

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RY822 - No volatility was found for the strike interval specified ?

  The SAP error message RY822, "No volatility was found for the strike interval specified," typically occurs in the context of financial instruments, particularly when dealing with options pricing and volatility calculations in SAP's Treasury and Risk Management (TRM) module. This error indicates that the system could not find the necessary volatility data for the specified strike price range when attempting to perform calculations related to options.
  Causes:
  
  Missing Volatility Data: The most common cause is that the volatility data for the specified strike interval has not been maintained in the system.
  Incorrect Strike Interval: The strike price range specified may not match any of the existing volatility data in the system.
  Data Configuration Issues: There may be configuration issues in the system that prevent the correct retrieval of volatility data.
  Market Data Source Issues: If the system is set up to pull volatility data from an external source, there may be connectivity issues or the external data source may not have the required data.
  
  Solutions:
  
  Check Volatility Data: Verify that the volatility data for the relevant strike prices is correctly maintained in the system. This can usually be done through the transaction codes related to market data maintenance.
  Adjust Strike Interval: Ensure that the strike interval specified in your transaction matches the available volatility data. You may need to adjust the parameters to align with the existing data.
  Update Market Data: If the system relies on external market data, ensure that the data feed is functioning correctly and that the necessary volatility data is available.
  Configuration Review: Review the configuration settings in the TRM module to ensure that they are set up correctly for volatility calculations.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on maintaining volatility data and resolving related issues.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as TPM1, TPM2, or TPM3 for managing financial instruments and market data.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Forums: Engage with SAP community forums or user groups for insights from other users who may have encountered similar issues.
  Testing: After making changes, conduct tests to ensure that the error is resolved and that the system can now retrieve the necessary volatility data.
  
  By following these steps, you should be able to identify the root cause of the RY822 error and implement a solution to resolve it.