How To Fix T8060 - Option no. &1: Option category &2 cannot be valued as an American option

SAP Error Message - Details

• Message type: E = Error

• Message class: T8 - Analysis system evaluations

• Message number: 060

• Message text: Option no. &1: Option category &2 cannot be valued as an American option

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message T8060 - Option no. &1: Option category &2 cannot be valued as an American option ?

  The SAP error message T8060 indicates that there is an issue with the valuation of an option in the SAP system, specifically related to the categorization of the option as an American option. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Option Type Mismatch: The error typically arises when the option being processed is categorized incorrectly. The system expects an American option, but the characteristics of the option do not align with this classification.
  Valuation Parameters: The parameters set for the option may not be compatible with American options, which can be exercised at any time before expiration.
  Data Entry Errors: There may be incorrect data entries in the option's configuration or valuation settings.
  
  Solution:
  
  Check Option Configuration: Review the configuration of the option in the SAP system. Ensure that the option type is correctly set as an American option and that all relevant parameters are correctly defined.
  Review Valuation Settings: Ensure that the valuation settings for the option are appropriate for American options. This includes checking the exercise style, maturity date, and any other relevant parameters.
  Correct Data Entries: If there are any data entry errors, correct them. This may involve checking the input data for the option and ensuring it aligns with the expected format and values.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on how to configure and value American options correctly.
  Contact Support: If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They may provide insights specific to your version of the software or any known issues.
  
  Related Information:
  
  American vs. European Options: Understanding the difference between American and European options is crucial. American options can be exercised at any time before expiration, while European options can only be exercised at expiration.
  SAP Financial Services: This error is often encountered in the context of SAP's financial services modules, particularly those dealing with derivatives and financial instruments.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to option valuation and configuration, as these can help you navigate the system more effectively.
  
  By addressing the configuration and ensuring that the option is set up correctly, you should be able to resolve the T8060 error.