How To Fix T1157 - Exercise date exceeded

T1157 - Overview

• 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.

T1157 - Details

• 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