How To Fix T7358 - Traded currency must be equal for both swap transactions

SAP Error Message - Details

• Message type: E = Error

• Message class: T7 - Forex entry

• Message number: 358

• Message text: Traded currency must be equal for both swap transactions

Self-Explanatory Message

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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 T7358 - Traded currency must be equal for both swap transactions ?

  The SAP error message T7358, which states "Traded currency must be equal for both swap transactions," typically occurs in the context of financial transactions involving swaps, such as interest rate swaps or currency swaps. This error indicates that the currencies used in the two swap transactions being processed do not match, which is a requirement for the transaction to be valid.
  Cause:
  
  Currency Mismatch: The primary cause of this error is that the two swap transactions involved are denominated in different currencies. For example, if one transaction is in USD and the other is in EUR, the system will trigger this error.
  Incorrect Configuration: There may be a configuration issue in the system where the currency settings for the swap transactions are not aligned.
  Data Entry Error: A user may have inadvertently entered the wrong currency for one of the transactions during data entry.
  
  Solution:
  
  Check Transaction Currencies: Review the currencies of both swap transactions. Ensure that they are the same. If they are not, you will need to adjust one of the transactions to match the other.
  Correct Data Entry: If the error is due to incorrect data entry, correct the currency in the transaction that is wrong.
  Review Configuration: If the issue persists, check the configuration settings in the SAP system related to swap transactions. Ensure that the currency settings are correctly defined and that there are no discrepancies.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling swap transactions and currency settings.
  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:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that deal with financial instruments, such as SWAP transactions.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  User Roles and Permissions: Ensure that the user attempting to process the transactions has the appropriate roles and permissions to make changes to financial transactions.
  
  By following these steps, you should be able to identify the cause of the T7358 error and implement a solution to resolve it.