How To Fix TBA1124 - Future is underlying of listed option; update listed option as well

SAP Error Message - Details

• Message type: E = Error

• Message class: TBA1 - Messages for Treasury Basis Objects

• Message number: 124

• Message text: Future is underlying of listed option; update listed option as well

What causes this issue?

A new version has been created for a future that is an underlying of at
least one listed option. The listed option relates to an outdated
version of the underlying DCS.

How to fix this error?

Create versions for the affected listed options with the DCS &V1& as
underlying so that the listed options relate to the same <LS>Valid From
</> date.

How can this happen?

<ZH>Situation</>:
The version of the listed option is valid from 01/01/2013.
The DCS of the underlying DCS has two versions:
Version 1 is valid from 01/01/2013 with contract size 10 TO
Version 2 is valid from 03/01/2013 with contract size 100 TO
<ZH>Problem</>:
On 03/01/2013, the listed option relates to the underlying DCS version
that is valid from 01/01/2013 with contract size 10 TO.
<ZH>Solution</>:
If the listed option needs to relate to the second version of the
underlying DCS, create a new version of the listed option that is valid
from 03/01/2013.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message TBA1124 - Future is underlying of listed option; update listed option as well ?

  The SAP error message TBA1124 indicates that there is a discrepancy between the underlying asset and the listed option in a financial transaction. Specifically, it suggests that the future (or underlying asset) is not aligned with the listed option, and therefore, the listed option needs to be updated to reflect the correct underlying asset.
  Cause:
  
  Mismatched Data: The underlying asset (future) and the option are not properly linked or have mismatched data, such as different expiration dates, strike prices, or other relevant parameters.
  Incorrect Configuration: There may be an issue with how the financial instruments are configured in the system, leading to inconsistencies.
  Data Entry Errors: Manual entry errors during the creation or modification of the financial instruments can lead to this error.
  
  Solution:
  
  Review the Underlying Asset: Check the details of the underlying future to ensure that it is correctly set up and that all relevant parameters (expiration date, strike price, etc.) are accurate.
  Update the Listed Option: Modify the listed option to ensure it aligns with the underlying future. This may involve changing the expiration date, strike price, or other relevant details to match the underlying asset.
  Check Configuration Settings: Ensure that the configuration settings for financial instruments in SAP are correct and that there are no discrepancies in the setup.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on how to resolve this error in your version of SAP.
  Contact Support: If the issue persists, consider reaching out to SAP support or your internal IT team for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to financial instruments, such as transaction codes for creating or modifying futures and options.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that can resolve the issue.
  User Roles and Permissions: Ensure that the user has the necessary permissions to make changes to financial instruments in SAP.
  
  By following these steps, you should be able to identify the cause of the TBA1124 error and implement the necessary changes to resolve it.