How To Fix TE859 - Define basis spread curve and tenor

SAP Error Message - Details

• Message type: E = Error

• Message class: TE - Market Risk Management

• Message number: 859

• Message text: Define basis spread curve and tenor

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 TE859 - Define basis spread curve and tenor ?

  The SAP error message TE859, which states "Define basis spread curve and tenor," typically occurs in the context of Treasury and Risk Management (TRM) or Financial Supply Chain Management (FSCM) modules in SAP. This error indicates that the system requires a basis spread curve and tenor to be defined for certain financial instruments or transactions, but these have not been set up in the system.
  Cause:
  
  Missing Configuration: The basis spread curve and tenor have not been defined in the system. This is often a configuration issue where the necessary financial instruments or market data have not been set up.
  Incorrect Settings: The settings for the financial instruments may not be correctly configured, leading to the system not being able to find the required data.
  Data Inconsistency: There may be inconsistencies in the data that prevent the system from retrieving the necessary basis spread curve and tenor.
  
  Solution:
  To resolve the TE859 error, you can follow these steps:
  
  
  Define Basis Spread Curve:
  
  Navigate to the configuration settings in SAP.
  Go to the path for defining basis spread curves. This is typically found under the Treasury and Risk Management module.
  Create or modify the basis spread curve as needed. Ensure that the curve is properly defined with the necessary parameters.
  
  
  
  Define Tenor:
  
  Similarly, ensure that the tenor is defined in the system. This can usually be done in the same configuration area where the basis spread curve is defined.
  Make sure that the tenor aligns with the financial instruments you are working with.
  
  
  
  Check Existing Configurations:
  
  Review any existing configurations to ensure that they are set up correctly and that there are no missing entries.
  Validate that the financial instruments you are using are compatible with the defined basis spread curves and tenors.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help guides specific to your version of SAP for detailed steps on how to configure basis spread curves and tenors.
  
  
  
  Testing:
  
  After making the necessary configurations, test the transaction or process that was causing the error to ensure that it is resolved.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after following the above steps, consider reaching out to SAP support or consulting with a technical expert who specializes in SAP Treasury and Risk Management.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help in navigating to the configuration settings, such as SPRO for configuration.
  Documentation: Check SAP Notes and Knowledge Base Articles (KBAs) related to TE859 for any specific patches or updates that may address the issue.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings in SAP.
  
  By following these steps, you should be able to resolve the TE859 error and ensure that your SAP system is properly configured for the financial instruments you are working with.