How To Fix T1164 - An exercise transaction still exists

T1164 - Overview

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 164

• Message text: An exercise transaction still exists

What causes this issue?

You wanted to reverse the exercise settlement of an option.
A transaction, which is still active, was created for settlement.

How to fix this error?

First reverse the exercise transaction.

Error message extract from SAP system. Copyright SAP SE.

T1164 - Details

• The SAP error message T1164, "An exercise transaction still exists," typically occurs in the context of financial transactions, particularly when dealing with exercises of options or similar financial instruments. This error indicates that there is an open or pending exercise transaction that needs to be resolved before proceeding with other transactions.
  
  Cause:
  
  Open Exercise Transaction: There is an existing exercise transaction that has not been completed or closed. This could be due to a pending approval, missing documentation, or an incomplete process.
  Data Inconsistency: There may be inconsistencies in the data related to the exercise transaction, such as missing entries or incorrect statuses.
  User Permissions: The user may not have the necessary permissions to view or modify the exercise transaction, leading to the inability to resolve the issue.
  
  
  Solution:
  
  
  Check Open Transactions: 
  
  Navigate to the relevant module (e.g., Financial Accounting, Asset Accounting) and check for any open exercise transactions. 
  Use transaction codes like FBL3N (for G/L