How To Fix T7042 - Barrier is greater than spot rate entered

T7042 - Overview

• Message type: E = Error

• Message class: T7 - Forex entry

• Message number: 042

• Message text: Barrier is greater than spot rate entered

What causes this issue?

The barrier you have entered is larger than the spot rate entered. The
barrier required for the option category chosen should be smaller than
the spot rate.

System Response

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

How to fix this error?

Enter a barrier that is smaller than the spot rate.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T7042 - Barrier is greater than spot rate entered ?

  The SAP error message T7042, "Barrier is greater than spot rate entered," typically occurs in the context of financial transactions involving derivatives or options, particularly when dealing with barrier options. This error indicates that the barrier level set for the option is higher than the current spot rate of the underlying asset, which is not permissible according to the rules governing the financial instrument.
  
  Cause:
  
  Incorrect Barrier Level: The barrier level you have set for the option is higher than the current market spot rate of the underlying asset.
  Market Fluctuations: Rapid changes in the market can lead to discrepancies between the spot rate and the barrier level.
  Data Entry Error: There may have been a mistake in entering the spot rate or the barrier level.
  
  
  Solution:
  
  Verify Input Values: Check the values entered for both the barrier level and the spot rate. Ensure that the barrier level is set correctly and is less than or