How To Fix TAN_TCC1045 - Derivative contract specification must not have type 'Listed Option'

SAP Error Message - Details

• Message type: E = Error

• Message class: TAN_TCC1 - Commodity Curve Message Class

• Message number: 045

• Message text: Derivative contract specification must not have type 'Listed Option'

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message TAN_TCC1045 - Derivative contract specification must not have type 'Listed Option' ?

  The SAP error message TAN_TCC1045 indicates that there is an issue with the specification of a derivative contract in the system. Specifically, it states that the derivative contract specification must not have the type 'Listed Option'. This error typically arises in the context of financial instruments and derivatives management within SAP, particularly in modules related to Treasury and Risk Management (TRM).
  Cause:
  The error is triggered when a user attempts to create or modify a derivative contract that is incorrectly classified as a 'Listed Option'. This could happen due to:
  
  Incorrect Contract Type Selection: The user may have selected the wrong type of derivative contract during the creation or modification process.
  Configuration Issues: There may be configuration settings in the SAP system that do not allow for 'Listed Option' types in certain contexts or for specific transactions.
  Data Entry Errors: Mistakes in data entry or selection of parameters that lead to the system interpreting the contract as a 'Listed Option'.
  
  Solution:
  To resolve the TAN_TCC1045 error, consider the following steps:
  
  
  Review Contract Type: Check the type of derivative contract you are trying to create or modify. Ensure that it is not set to 'Listed Option' if that is not appropriate for your transaction.
  
  
  Correct Data Entry: If the contract type is incorrect, go back and select the appropriate type of derivative contract that aligns with your business requirements.
  
  
  Consult Configuration Settings: If you believe the contract type should be allowed, consult with your SAP system administrator or a consultant to review the configuration settings related to derivative contracts. They may need to adjust the settings to allow for the creation of 'Listed Options' if that is necessary.
  
  
  Check Documentation: Refer to SAP documentation or help resources for guidance on the specific requirements and limitations regarding derivative contract types.
  
  
  Testing: After making the necessary changes, test the creation or modification of the contract again to ensure that the error does not reoccur.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional context on handling derivative contracts.
  User Guides: Review user manuals or guides related to the Treasury and Risk Management module for best practices in managing derivative contracts.
  Training: If this error is common among users, consider providing training sessions to ensure that all users understand how to correctly classify and manage derivative contracts in SAP.
  
  If the issue persists after following these steps, it may be beneficial to reach out to SAP support for further assistance.