How To Fix T1157 - Exercise date exceeded

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 157

• Message text: Exercise date exceeded

What causes this issue?

You want to create the exercise of an option, although the expiration
date has already been exceeded.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T1157 - Exercise date exceeded ?

  The SAP error message T1157, which states "Exercise date exceeded," typically occurs in the context of financial transactions, particularly when dealing with options, derivatives, or other financial instruments that have specific exercise dates. This error indicates that the date you are trying to process a transaction for is beyond the allowed exercise date for the financial instrument in question.
  Cause:
  
  Date Exceeded: The primary cause of this error is that the date you are trying to execute a transaction (e.g., exercising an option) is later than the defined exercise date for that financial instrument.
  Configuration Issues: There may be issues with how the financial instrument is configured in the system, including incorrect exercise dates or settings.
  Data Entry Errors: Users may inadvertently enter an incorrect date when attempting to process the transaction.
  
  Solution:
  
  Check the Exercise Date: Verify the exercise date of the financial instrument you are trying to work with. Ensure that the date you are using for the transaction is on or before the defined exercise date.
  Correct the Transaction Date: If the date is indeed past the exercise date, you will need to adjust the transaction date to a valid date that is within the allowed range.
  Review Configuration: If you believe the exercise date should be valid, check the configuration of the financial instrument in SAP. Ensure that the exercise date is set correctly in the system.
  Consult Documentation: Refer to SAP documentation or your organization's internal guidelines for handling financial instruments to ensure compliance with procedures.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with a financial expert within your organization.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to financial instruments, such as those used for managing options and derivatives.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Training: Ensure that users are trained on the proper handling of financial transactions and the importance of adhering to exercise dates.
  
  By following these steps, you should be able to address the T1157 error effectively.