How To Fix T1251 - Exercise date must be later/same as the contract date

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 251

• Message text: Exercise date must be later/same as the contract date

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message T1251 - Exercise date must be later/same as the contract date ?

  The SAP error message T1251, which states "Exercise date must be later/same as the contract date," typically occurs in the context of financial contracts, such as options or derivatives, where an exercise date is specified. This error indicates that the date you are trying to enter as the exercise date is earlier than the contract date, which is not allowed.
  Cause:
  
  Incorrect Date Entry: The exercise date you have entered is earlier than the contract date.
  System Configuration: There may be specific configurations or validations in the system that enforce this rule.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies in the date formats or values.
  
  Solution:
  
  Check Dates: Verify the contract date and the exercise date you are trying to enter. Ensure that the exercise date is the same as or later than the contract date.
  Correct the Entry: If the exercise date is incorrect, update it to a valid date that meets the requirement.
  Review Contract Details: If you are unsure about the contract date, review the contract details in the system to confirm the correct date.
  Consult Documentation: If you are working with specific financial instruments, consult the relevant documentation or guidelines to understand the date requirements.
  System Configuration: If you believe the error is due to system configuration, consult with your SAP administrator or technical team to review the validation rules in place.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or updates related to this error message.
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help you navigate to the contract details or exercise options.
  User Permissions: Ensure that you have the necessary permissions to make changes to the contract or exercise dates.
  Training and Documentation: If you are new to the system, consider seeking training or reviewing documentation related to contract management and financial instruments in SAP.
  
  By following these steps, you should be able to resolve the T1251 error and proceed with your transaction.