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

T8256 - Overview

• 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.

T8256 - Details

• 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 This typically occurs in the context of financial transactions involving futures contracts, where the position is no longer valid due to the expiration date being reached.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Handling: There may be attempts to perform operations (like settlement, closing, or reporting) on a position that is no longer valid.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