How To Fix TE258 - Term of &3 calendar day(s) and annualization factor &4 determined

TE258 - Overview

• Message type: E = Error

• Message class: TE - Market Risk Management

• Message number: 258

• Message text: Term of &3 calendar day(s) and annualization factor &4 determined

What causes this issue?

The holding period of the <LS>Value at Risk</> (or correspondingly the
random walk step size in the case of the <LS>Cash Flow at Risk</>) of
&V1& day(s) is given in terms counted in working days. However, the
correlations and volatilities are stored for terms counted in calendar
days. Therefore, the holding period of &V1& day(s) is converted into a
term of &V3& day(s) using the number of working days &V2& of the year
based on the calendar settings:
&V3& = &V1& * 365 / &V2&
Due to rounding effects, it is possible in the case of small holding
periods that the resulting term is equal to the holding period.
The volatilities are stored as annual volatilities. Consequently, the
volatilities are converted in accordance with holding period &V1&. This
is done by dividing the volatility by the annualization factor &V4&,
which is calculated as follows:
&V4& = SQRT( &V2& / &V1& )

System Response

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

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message TE258 - Term of &3 calendar day(s) and annualization factor &4 determined ?

  The SAP error message TE258 typically relates to issues with the calculation of time-related data, particularly in the context of payroll or time management. This message indicates that the system has determined a specific term of calendar days and an annualization factor, which may not align with the expected values or configurations in your system.
  
  Cause:
  
  
  Configuration Issues: The error may arise from incorrect configuration settings in the payroll or time management module. This could include settings related to the annualization of salaries or the definition of calendar days.
  Data Entry Errors: Incorrect data entries in employee records, such as incorrect start or end dates, can lead to discrepancies in the calculations.
  Master Data Issues: Problems with employee master data, such as missing or incorrect information regarding employment status, can also trigger this error.
  Customizations: If there are custom developments or enhancements in your SAP system, they may interfere with standard calculations.
  
  
  Solution:
  
  Check Configuration: Review the