How To Fix TAN_TCC1051 - Derivative contract specification status must not be 'In Preparation'

TAN_TCC1051 - Overview

• Message type: E = Error

• Message class: TAN_TCC1 - Commodity Curve Message Class

• Message number: 051

• Message text: Derivative contract specification status must not be 'In Preparation'

Self-Explanatory Message

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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_TCC1051 - Derivative contract specification status must not be 'In Preparation' ?

  The SAP error message TAN_TCC1051 indicates that there is an issue with the status of a derivative contract specification in the system. Specifically, the error states that the status of the derivative contract specification must not be 'In Preparation' when you are trying to perform a certain action, such as posting or processing the contract.
  
  Cause:
  The error typically arises when:
  
  You are attempting to execute a transaction or process that requires the derivative contract specification to be in a finalized state, but it is still in the 'In Preparation' status.
  The contract has not been fully defined or completed, meaning that required fields or configurations are missing.
  There may be a workflow or approval process that has not been completed, preventing the contract from moving to a finalized status.
  
  
  Solution:
  To resolve the TAN_TCC1051 error, you can take the following steps:
  
  
  Check Contract Status: Verify the status of the derivative contract specification. If it is indeed 'In