How To Fix T7024 - When inverted, spot rate, swap rate and liquidity are deleted

SAP Error Message - Details

• Message type: E = Error

• Message class: T7 - Forex entry

• Message number: 024

• Message text: When inverted, spot rate, swap rate and liquidity are deleted

What causes this issue?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

The system calculates the rate required via the amounts entered for the
inversion. This is only possible for the transaction rate. For this
reason, the spot rate and the swap rate are deleted.

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T7024 - When inverted, spot rate, swap rate and liquidity are deleted ?

  The SAP error message T7024 typically relates to issues in the financial or treasury modules, particularly when dealing with foreign exchange rates, interest rates, or liquidity management. This error indicates that when certain financial instruments (like spot rates, swap rates, or liquidity) are inverted or manipulated, the system cannot find the necessary data to process the transaction.
  Cause:
  
  Data Deletion: The error suggests that the system is trying to access spot rates, swap rates, or liquidity data that have been deleted or are not available in the system.
  Configuration Issues: There may be configuration issues in the treasury module or the financial settings that lead to the unavailability of the required rates.
  Inconsistent Data: If the data in the system is inconsistent or not properly maintained, it can lead to this error.
  Incorrect Input: The error may also arise from incorrect input parameters or settings when trying to perform a transaction.
  
  Solution:
  
  Check Data Availability: Ensure that the spot rates, swap rates, and liquidity data are correctly maintained in the system. You can do this by navigating to the relevant transaction codes or tables where these rates are stored.
  Restore Deleted Data: If the data has been deleted, you may need to restore it from a backup or re-enter the necessary rates manually.
  Review Configuration: Check the configuration settings in the treasury module to ensure that all necessary parameters are set correctly. This may involve reviewing the settings for foreign exchange and interest rate management.
  Data Consistency Check: Run consistency checks in the system to identify any discrepancies in the financial data that may be causing the error.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling this error message.
  Contact SAP Support: If the issue persists, consider reaching out to SAP support for assistance, especially if it involves complex configurations or data integrity issues.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that deal with treasury and risk management, such as TPM1, TPM2, or TPM3.
  SAP Notes: Check for any SAP Notes related to error T7024, as they may provide specific patches or updates that address this issue.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to diagnose and resolve the T7024 error in your SAP system.