How To Fix T8018 - Underlying in & could not be discounted; default curve is missing

SAP Error Message - Details

• Message type: E = Error

• Message class: T8 - Analysis system evaluations

• Message number: 018

• Message text: Underlying in & could not be discounted; default curve is missing

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.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message T8018 - Underlying in & could not be discounted; default curve is missing ?

  The SAP error message T8018 indicates that there is an issue with the discounting process in the system, specifically that the underlying asset or financial instrument cannot be discounted because the default curve is missing. This error typically arises in the context of financial transactions, such as those involving derivatives, loans, or other financial instruments that require discounting for valuation purposes.
  Cause:
  
  
  Missing Discount Curve: The primary cause of this error is that the system cannot find a default discount curve for the specified underlying asset. This could be due to:
  
  The discount curve not being defined in the system.
  The discount curve being inactive or not properly configured.
  The underlying asset not being linked to a valid discount curve.
  
  
  
  Configuration Issues: There may be issues in the configuration settings related to financial instruments or the valuation methods being used.
  
  
  Data Inconsistencies: There could be inconsistencies in the data related to the financial instruments or the market data used for discounting.
  
  
  Solution:
  
  
  Check Discount Curves:
  
  Go to the relevant configuration settings in SAP (usually in the transaction code related to financial instruments or valuation).
  Verify that the discount curve for the specific underlying asset is defined and active.
  If it is missing, create a new discount curve or activate an existing one.
  
  
  
  Linking the Curve:
  
  Ensure that the underlying asset is correctly linked to the appropriate discount curve. This may involve checking the settings for the financial instrument or the valuation class.
  
  
  
  Review Configuration:
  
  Review the configuration settings for financial instruments to ensure that all necessary parameters are set correctly.
  Check if there are any specific settings related to the valuation method that might be causing the issue.
  
  
  
  Data Consistency Check:
  
  Perform a data consistency check to ensure that all relevant data is accurate and complete.
  Look for any missing or incorrect entries in the master data related to the financial instruments.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on setting up discount curves and resolving related issues.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (for maintaining exchange rates and discount curves) and FTR_EDIT (for editing financial transactions).
  SAP Notes: Check for any SAP Notes related to error T8018 or discount curve issues, as they may provide specific fixes or patches.
  Training and Documentation: Ensure that users involved in financial transactions are trained on how to manage discount curves and understand the implications of missing data.
  
  By following these steps, you should be able to identify and resolve the issue related to the T8018 error message in SAP.