How To Fix T1535 - Cap strike smaller/same as floor strike

T1535 - Overview

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 535

• Message text: Cap strike smaller/same as floor strike

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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message T1535 - Cap strike smaller/same as floor strike ?

  The SAP error message T1535, which states "Cap strike smaller/same as floor strike," typically occurs in the context of financial transactions, particularly when dealing with options or derivatives in the SAP system. This error indicates that the cap strike price is not greater than the floor strike price, which is a requirement for certain financial instruments.
  
  Cause:
  
  Incorrect Pricing Setup: The cap strike price (the maximum interest rate) is set to be less than or equal to the floor strike price (the minimum interest rate). This is logically incorrect because a cap should always be above a floor in a typical cap-and-floor structure.
  Data Entry Error: During the entry of financial instruments, the user may have mistakenly entered the cap strike price incorrectly.
  
  Configuration Issues: There may be issues in the configuration of the financial instruments in the SAP system that lead to this error.
  
  
  Solution:
  
  
  Review and Correct Prices:
  
  Check the values entered for the cap