How To Fix T0474 - Reference interest rate &1 not defined (used in curve type &2, crcy &3)

T0474 - Overview

• Message type: E = Error

• Message class: T0 - General Treasury

• Message number: 474

• Message text: Reference interest rate &1 not defined (used in curve type &2, crcy &3)

What causes this issue?

The reference interest rate for the yield curve you have selected is not
defined in the database.

System Response

The function you have chosen is not executed for this reference interest
rate.

How to fix this error?

You can maintain the yield curve data in the menu via:
MARKET DATA -> CURRENT SETTINGS -> ENTER REFERENCE INTEREST RATES

Error message extract from SAP system. Copyright SAP SE.

T0474 - Details

• The SAP error message T0474 indicates that a reference interest rate is not defined in the system for a specific curve type and currency. This error typically arises in the context of financial applications, particularly when dealing with interest rate calculations, such as in treasury management or financial instruments.
  
  Cause:
  
  Missing Configuration: The reference interest rate specified in the error message is not defined in the system. This could be due to a missing entry in the interest rate configuration tables.
  Incorrect Curve Type: The curve type mentioned in the error may not be correctly set up or may not correspond to the reference interest rate.
  Currency Issues: The currency specified may not have a corresponding reference interest rate defined in the system.
  
  
  Solution:
  
  
  Define the Reference Interest Rate:
  
  Go to the configuration settings in SAP for interest rates. This is typically found under the Financial Services (FS) module.
  Navigate to the relevant section for defining interest rates