How To Fix T0601 - Yield curve type &1 not defined for currency &2

SAP Error Message - Details

• Message type: E = Error

• Message class: T0 - General Treasury

• Message number: 601

• Message text: Yield curve type &1 not defined for currency &2

What causes this issue?

The yield curve type you have selected is not defined in the database.

System Response

The function you have chosen is not executed for this yield curve.

How to fix this error?

You can maintain the yield curve data in Customizing.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T0601 - Yield curve type &1 not defined for currency &2 ?

  The SAP error message T0601, which states "Yield curve type &1 not defined for currency &2," typically occurs in the context of financial applications, particularly when dealing with interest rate calculations, financial instruments, or treasury management. This error indicates that the system is unable to find a defined yield curve type for the specified currency in the configuration.
  Cause:
  
  Missing Configuration: The yield curve type for the specified currency has not been defined in the system.
  Incorrect Currency Code: The currency code provided may be incorrect or not recognized by the system.
  Data Inconsistency: There may be inconsistencies in the configuration data or missing entries in the relevant tables.
  
  Solution:
  To resolve the T0601 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the transaction code SPRO (SAP Reference IMG).
  Navigate to Financial Supply Chain Management > Treasury and Risk Management > Market Risk Management > Yield Curve > Define Yield Curve Types.
  Ensure that the yield curve type for the specified currency is defined. If it is not, you will need to create a new entry.
  
  
  
  Define Yield Curve:
  
  If the yield curve type is missing, you can create it by specifying the necessary parameters, including the currency and the relevant yield curve data.
  
  
  
  Verify Currency Code:
  
  Double-check the currency code being used in the transaction or program that triggered the error. Ensure it is valid and correctly formatted.
  
  
  
  Check for Updates:
  
  If you are using a custom or third-party solution, ensure that it is up to date and compatible with your current SAP version.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to yield curves and treasury management for any additional configuration steps or requirements.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error.
  Transaction Codes: Familiarize yourself with related transaction codes such as OB08 (for maintaining exchange rates) and TCURR (for currency conversion).
  Support: If the issue persists after following the above steps, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By following these steps, you should be able to resolve the T0601 error and ensure that the yield curve type is properly defined for the specified currency.