How To Fix TE711 - No beta factor determined for index &, stock class &, date &

SAP Error Message - Details

• Message type: E = Error

• Message class: TE - Market Risk Management

• Message number: 711

• Message text: No beta factor determined for index &, stock class &, date &

What causes this issue?

No beta factor exists for the combination of securities index &V1&,
stock class &V2& and date &V3&. The most recent beta factor is used
instead.

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?

Maintain the beta factor for the specified date.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message TE711 - No beta factor determined for index &, stock class &, date & ?

  The SAP error message TE711 "No beta factor determined for index &, stock class &, date &" typically occurs in the context of inventory management and valuation, particularly when dealing with the calculation of stock values based on indices or beta factors. This error indicates that the system is unable to find a beta factor for the specified index and stock class on the given date.
  Cause:
  
  Missing Beta Factor: The primary cause of this error is that there is no beta factor defined for the specified index and stock class combination in the system.
  Incorrect Date: The date specified may not have a corresponding beta factor defined in the system.
  Configuration Issues: There may be issues with the configuration of the valuation methods or indices in the system.
  Data Entry Errors: There could be a mistake in the data entry for the index, stock class, or date.
  
  Solution:
  
  
  Check Beta Factor Configuration:
  
  Navigate to the configuration settings for the beta factors in your SAP system.
  Ensure that the beta factor for the specified index and stock class is defined for the date in question.
  If it is missing, you will need to create or update the beta factor.
  
  
  
  Verify Date:
  
  Ensure that the date you are using is correct and falls within the range for which beta factors are defined.
  If necessary, adjust the date to one that has a corresponding beta factor.
  
  
  
  Review Stock Class and Index:
  
  Double-check the stock class and index being used in the transaction to ensure they are correct and valid.
  Make sure that the stock class is properly assigned to the relevant materials.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for guidance on how to set up and manage beta factors and indices.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue, consider reaching out to SAP support for assistance, especially if this is a recurring problem.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OMI4 (for maintaining beta factors) or OMI3 (for displaying beta factors) to manage the beta factors in your system.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on managing beta factors.
  User Roles: Ensure that you have the necessary permissions to view and edit the configuration settings related to beta factors.
  
  By following these steps, you should be able to identify the cause of the TE711 error and implement a solution to resolve it.