How To Fix TAN_TCC1047 - Combination of derivative contract specification and MIC is not valid

SAP Error Message - Details

• Message type: E = Error

• Message class: TAN_TCC1 - Commodity Curve Message Class

• Message number: 047

• Message text: Combination of derivative contract specification and MIC is not valid

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.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message TAN_TCC1047 - Combination of derivative contract specification and MIC is not valid ?

  The SAP error message TAN_TCC1047, which states "Combination of derivative contract specification and MIC is not valid," typically occurs in the context of managing financial instruments, particularly derivatives, within the SAP system. This error indicates that there is an issue with the combination of the derivative contract specification and the Market Identifier Code (MIC) that you are trying to use.
  Causes:
  
  Invalid MIC: The Market Identifier Code (MIC) you are using may not be valid for the specific derivative contract specification you are working with.
  Configuration Issues: There may be a configuration issue in the SAP system where the relationship between the derivative contract specifications and the MICs has not been properly defined.
  Data Entry Errors: There could be a typographical error in the MIC or the derivative contract specification.
  Missing Data: The necessary data for the derivative contract or MIC may not be set up in the system.
  
  Solutions:
  
  Verify MIC: Check the MIC you are using to ensure it is correct and valid for the derivative contract specification. You can refer to the official list of MICs to confirm.
  Check Configuration: Review the configuration settings in SAP for the derivative contract specifications and ensure that they are correctly linked to the appropriate MICs. This may involve checking the customizing settings in the SAP system.
  Correct Data Entry: Double-check the entries for any typographical errors in the MIC or derivative contract specification.
  Consult Documentation: Refer to SAP documentation or help resources for guidance on the specific derivative contract and MIC combinations that are valid.
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting with SAP experts who can provide assistance in troubleshooting the configuration.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on resolving it.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to derivative contracts and MIC management, such as transaction codes for configuration and reporting.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.