How To Fix TE246 - Position was created for reverse repurchase agreements only

SAP Error Message - Details

• Message type: E = Error

• Message class: TE - Market Risk Management

• Message number: 246

• Message text: Position was created for reverse repurchase agreements only

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 TE246 - Position was created for reverse repurchase agreements only ?

  The SAP error message TE246, which states "Position was created for reverse repurchase agreements only," typically occurs in the context of financial transactions involving reverse repurchase agreements (repos). This error indicates that the system is expecting a specific type of transaction related to reverse repos, but the current transaction does not meet the necessary criteria.
  Cause:
  
  Transaction Type Mismatch: The transaction you are trying to process is not recognized as a reverse repurchase agreement. This could happen if the transaction type or document type is incorrectly set.
  Incorrect Configuration: The configuration settings in the SAP system for financial instruments may not be set up correctly to handle the specific transaction you are trying to execute.
  Data Entry Errors: There may be errors in the data entered for the transaction, such as incorrect account assignments or missing required fields.
  
  Solution:
  
  Check Transaction Type: Ensure that the transaction you are trying to execute is indeed a reverse repurchase agreement. Verify that you are using the correct transaction type in your entry.
  Review Configuration: Consult with your SAP configuration team to ensure that the settings for financial instruments, particularly for reverse repos, are correctly configured. This includes checking the settings in the relevant customizing transactions (e.g., SPRO).
  Correct Data Entry: Review the data you have entered for the transaction. Make sure all required fields are filled out correctly and that the data aligns with the expected format for reverse repurchase agreements.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on handling reverse repurchase agreements and the associated transaction types.
  Seek Support: If the issue persists, consider reaching out to your SAP support team or consulting with SAP experts who can provide more detailed assistance based on your specific system configuration and transaction requirements.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Transaction Codes: Familiarize yourself with transaction codes related to financial instruments and repos, such as those used for creating, modifying, or displaying financial positions.
  User Roles and Authorizations: Ensure that the user executing the transaction has the necessary roles and authorizations to perform actions related to reverse repurchase agreements.
  
  By following these steps, you should be able to identify the cause of the TE246 error and implement a solution to resolve it.