How To Fix RY824 - No H/W volatility found for type &1, yield curve &2 &3 before &4

SAP Error Message - Details

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 824

• Message text: No H/W volatility found for type &1, yield curve &2 &3 before &4

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message RY824 - No H/W volatility found for type &1, yield curve &2 &3 before &4 ?

  The SAP error message RY824 indicates that there is no hardware volatility found for a specific type of financial instrument, yield curve, and date. This error typically arises in the context of financial instruments and risk management within SAP, particularly when dealing with interest rate derivatives or similar financial products.
  Cause:
  
  
  Missing Data: The primary cause of this error is that the system cannot find the required volatility data for the specified financial instrument type and yield curve. This could be due to:
  
  The volatility data not being maintained in the system.
  The specified yield curve not being set up correctly.
  The date specified is outside the range of available volatility data.
  
  
  
  Configuration Issues: There may be configuration issues in the system that prevent the correct mapping of volatility data to the financial instruments.
  
  
  Incorrect Parameters: The parameters provided (type, yield curve, and date) may not correspond to any existing entries in the volatility database.
  
  
  Solution:
  
  
  Check Volatility Data: Verify that the volatility data for the specified type and yield curve is correctly maintained in the system. You can do this by:
  
  Navigating to the relevant transaction codes (e.g., transaction code for maintaining volatility data).
  Ensuring that the data exists for the specified date range.
  
  
  
  Review Configuration: Check the configuration settings related to the financial instruments and yield curves. Ensure that:
  
  The yield curve is correctly defined and active.
  The financial instrument type is correctly linked to the volatility data.
  
  
  
  Adjust Parameters: If the parameters used in the transaction are incorrect, adjust them to ensure they match the existing data. This may involve:
  
  Changing the date to one that falls within the available volatility data range.
  Ensuring that the correct financial instrument type is being used.
  
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on maintaining volatility data and resolving related issues.
  
  
  Contact Support: If the issue persists after checking the above points, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for managing financial instruments and volatility data, such as:
  
  Transaction codes for maintaining yield curves and volatility data.
  Transaction codes for financial instrument valuation.
  
  
  
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  
  
  Documentation: Review SAP's official documentation on financial risk management and volatility management for best practices and troubleshooting steps.
  
  
  By following these steps, you should be able to identify the cause of the RY824 error and implement a solution to resolve it.