How To Fix TE860 - Define currencies and tenors completely

SAP Error Message - Details

• Message type: E = Error

• Message class: TE - Market Risk Management

• Message number: 860

• Message text: Define currencies and tenors completely

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message TE860 - Define currencies and tenors completely ?

  The SAP error message TE860, which states "Define currencies and tenors completely," typically occurs in the context of Treasury and Risk Management (TRM) or Financial Supply Chain Management (FSCM) modules. This error indicates that there is an issue with the configuration of currencies and tenors in the system, which are essential for processing financial transactions, particularly in the context of derivatives, loans, or other financial instruments.
  Cause:
  
  
  Incomplete Configuration: The error usually arises when the necessary currency and tenor combinations have not been fully defined in the system. This can happen if:
  
  Certain currencies are not set up in the system.
  The tenor (the length of time until a financial contract expires) is not defined for the relevant currency.
  The configuration settings for the financial instruments are incomplete or incorrect.
  
  
  
  Missing Master Data: The required master data for the financial instruments may not be maintained properly, leading to this error.
  
  
  Custom Settings: If there are custom developments or settings that override standard configurations, they may lead to inconsistencies.
  
  
  Solution:
  To resolve the TE860 error, follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for Treasury and Risk Management (Transaction code: SPRO).
  Navigate to the relevant section for defining currencies and tenors.
  Ensure that all required currencies are defined and that the tenors for these currencies are completely specified.
  
  
  
  Define Currencies:
  
  In the configuration, ensure that all currencies you intend to use are defined under the appropriate settings (e.g., in the "Define Currencies" section).
  
  
  
  Define Tenors:
  
  Ensure that the tenors are defined for each currency. This can usually be found in the "Define Tenors" section of the configuration.
  
  
  
  Check Master Data:
  
  Verify that the master data for the financial instruments is complete and correctly maintained. This includes checking the settings for the specific financial instruments you are working with.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help notes related to Treasury and Risk Management for additional guidance on configuration.
  
  
  
  Seek Support:
  
  If the issue persists after checking the configuration and master data, consider reaching out to SAP support or consulting with an SAP expert who specializes in Treasury and Risk Management.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (for configuration), and others related to Treasury management.
  SAP Notes: Check for any SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  By following these steps, you should be able to identify and resolve the cause of the TE860 error in your SAP system.