How To Fix T8065 - No substitute volatility found for option on security number &

T8065 - Overview

• Message type: E = Error

• Message class: T8 - Analysis system evaluations

• Message number: 065

• Message text: No substitute volatility found for option on security number &

What causes this issue?

If the system cannot find a volatility for the security ID number you
specified, it searches for an interest rate volatility for the
reference interest rate used in the valuation curve for this security,
as the term of the reference interest rate is closest to that of the
security. The system first searches for the reference interest rate in
the bid curve, and then in the ask curve.

System Response

If the system finds a volatility, this is translated into a price
volatility. If it cannot find a volatility, it generates this error
message.

How to fix this error?

Define a volatility for the security ID number in the table for
securities volatilities:
Menu: Market risk --> Market data --> Current settings --> Enter
securities volatilities

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T8065 - No substitute volatility found for option on security number & ?

  The SAP error message T8065, which states "No substitute volatility found for option on security number &," typically occurs in the context of financial instruments, particularly when dealing with options in the SAP system. This error indicates that the system is unable to find the necessary volatility data for the specified security number, which is essential for pricing options.
  Causes:
  
  
  Missing Volatility Data: The most common cause is that the volatility data for the specific security is not available in the system. This could be due to the data not being uploaded or maintained properly.
  
  
  Incorrect Security Number: The security number provided may be incorrect or not recognized by the system, leading to the inability to retrieve the associated volatility data.
  
  
  
  Configuration Issues: There may be configuration issues in the SAP system related to the financial instruments or the market data settings.
  
  
  Market Data Source Issues: If the system relies on external market data sources