How To Fix T8256 - Futures position with ID number & has already expired

SAP Error Message - Details

• Message type: E = Error

• Message class: T8 - Analysis system evaluations

• Message number: 256

• Message text: Futures position with ID number & has already expired

What causes this issue?

The position of interest rate futures has an expiration date which is
prior to the evaluation date and can, therefore, not be valued.

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?

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 T8256 - Futures position with ID number & has already expired ?

  The SAP error message T8256 indicates that a futures position with a specific ID number has already expired. This typically occurs in the context of financial transactions involving futures contracts, where the position is no longer valid due to the expiration date being reached.
  Cause:
  
  Expiration of Futures Contract: The primary cause of this error is that the futures contract associated with the position has reached its expiration date. Once a futures contract expires, it can no longer be traded or settled.
  Incorrect Position Handling: There may be attempts to perform operations (like settlement, closing, or reporting) on a position that is no longer valid.
  Data Entry Errors: Sometimes, the error can arise from incorrect data entry or referencing an expired position inadvertently.
  
  Solution:
  
  Check the Expiration Date: Verify the expiration date of the futures position in question. If the position has indeed expired, you will need to take appropriate actions based on your business processes.
  Close or Settle the Position: If the position has expired, you may need to close it or settle it according to your organization's policies. This may involve recognizing any gains or losses associated with the expired position.
  Update Records: Ensure that your records are updated to reflect the expiration of the position. This may involve adjusting your financial statements or reports.
  Review Transaction Logic: If you are developing or maintaining custom logic in SAP, ensure that your code correctly handles expired positions and does not attempt to perform operations on them.
  Consult Documentation: Refer to SAP documentation or your organization's internal guidelines for handling futures positions and expirations.
  
  Related Information:
  
  SAP Modules: This error is typically encountered in SAP modules related to financial trading, such as SAP Treasury and Risk Management (TRM).
  Transaction Codes: Familiarize yourself with relevant transaction codes that deal with futures positions, such as those for reporting or managing financial instruments.
  Support: If the issue persists or if you need further assistance, consider reaching out to your SAP support team or consulting SAP Notes for any known issues or patches related to this error.
  
  By following these steps, you should be able to address the T8256 error effectively.