How To Fix T1272 - An underlying already exists with currency USD

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 272

• Message text: An underlying already exists with currency USD

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message T1272 - An underlying already exists with currency USD ?

  The SAP error message T1272, which states "An underlying already exists with currency USD," typically occurs in the context of financial transactions, particularly when dealing with derivatives, hedging, or financial instruments in SAP's Treasury and Risk Management module. This error indicates that there is already an existing underlying transaction (such as a hedge or a financial instrument) that has been recorded in the system with the same currency (in this case, USD).
  Cause:
  
  Duplicate Entry: The most common cause of this error is an attempt to create a new underlying transaction that duplicates an existing one with the same currency.
  Incorrect Data Entry: There may be a mistake in the data entry process, leading to the creation of a transaction that conflicts with an existing one.
  Configuration Issues: There may be issues with the configuration of the financial instruments or the underlying transactions in the system.
  
  Solution:
  
  Check Existing Transactions: Review the existing underlying transactions in the system to confirm if there is indeed a duplicate entry. You can do this by navigating to the relevant transaction codes or reports in SAP that list underlying transactions.
  Modify or Delete Duplicate: If a duplicate is found, you may need to modify or delete the existing transaction if it is no longer needed or if it was created in error.
  Use Different Currency: If the new transaction is necessary and the existing one cannot be modified or deleted, consider using a different currency for the new underlying transaction.
  Consult Documentation: Review SAP documentation or help resources for specific guidance on managing underlying transactions in your version of SAP.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide assistance based on your specific configuration and business processes.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as TPM1, TPM2, or TPM3 for managing financial instruments and underlying transactions.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to create or modify underlying transactions in the system.
  Training and Documentation: Consider training sessions or documentation on SAP Treasury and Risk Management to better understand how to manage underlying transactions effectively.
  
  By following these steps, you should be able to identify the cause of the error and take appropriate action to resolve it.