How To Fix T7202 - Value date is smaller than option expiration date

SAP Error Message - Details

• Message type: E = Error

• Message class: T7 - Forex entry

• Message number: 202

• Message text: Value date is smaller than option expiration date

What causes this issue?

The value date of the underlying is prior to the end of the exercise
period of the option.

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?

Adjust the value data so that it is after the option due date.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T7202 - Value date is smaller than option expiration date ?

  The SAP error message T7202, which states "Value date is smaller than option expiration date," typically occurs in the context of financial transactions involving options or derivatives. This error indicates that the value date (the date on which a transaction is settled) is earlier than the expiration date of the option, which is not permissible.
  Cause:
  
  Incorrect Date Entry: The value date has been entered incorrectly, and it is set to a date that is before the expiration date of the option.
  System Configuration: There may be issues with the configuration of the financial instruments in the SAP system, leading to incorrect date calculations.
  Transaction Logic: The logic of the transaction being processed may not align with the rules governing options and their expiration.
  
  Solution:
  
  Check Dates: Review the value date and expiration date of the option. Ensure that the value date is set to a date that is on or after the expiration date.
  Correct the Transaction: If the value date is incorrect, modify the transaction to reflect the correct value date.
  Review Configuration: If the issue persists, check the configuration settings for the financial instruments in SAP. Ensure that the settings align with the business rules for options and derivatives.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on handling options and their associated dates.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional context.
  Transaction Codes: Familiarize yourself with transaction codes related to options and derivatives in SAP, such as those used for managing financial instruments.
  Training: Consider training or resources on financial transactions in SAP to better understand the implications of date settings and transaction processing.
  
  By ensuring that the value date is correctly set and aligned with the expiration date of the option, you should be able to resolve the T7202 error.