How To Fix THMHR_ADMIN561 - No hedging relationship found for derivative &1 and hedged item &2

SAP Error Message - Details

• Message type: E = Error

• Message class: THMHR_ADMIN - Messages for managing hedge relationships

• Message number: 561

• Message text: No hedging relationship found for derivative &1 and hedged item &2

What causes this issue?

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

System Response

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 THMHR_ADMIN561 - No hedging relationship found for derivative &1 and hedged item &2 ?

  The SAP error message THMHR_ADMIN561 indicates that there is no hedging relationship found for a specified derivative and hedged item in the context of hedge accounting. This error typically arises in the Treasury and Risk Management (TRM) module of SAP when trying to perform operations related to hedging, such as posting transactions or generating reports.
  Cause:
  
  Missing Hedging Relationship: The most common cause is that a hedging relationship has not been defined between the derivative (financial instrument) and the hedged item (the underlying exposure).
  Incorrect Configuration: There may be issues with the configuration of the hedging relationship in the system, such as incorrect settings or missing data.
  Data Inconsistency: There could be inconsistencies in the data related to the hedged item or derivative, such as incorrect identifiers or statuses.
  Expired or Inactive Relationships: The hedging relationship may have expired or been marked as inactive, leading to the error when trying to access it.
  
  Solution:
  
  
  Define a Hedging Relationship:
  
  Navigate to the relevant transaction in SAP (e.g., transaction code TPM1 for creating a hedging relationship).
  Ensure that a valid hedging relationship is created between the derivative and the hedged item.
  Make sure to specify all necessary parameters, such as the risk type, valuation method, and effectiveness testing.
  
  
  
  Check Existing Relationships:
  
  Use transaction codes like TPM2 (to display hedging relationships) to verify if the relationship exists and is correctly configured.
  Ensure that the relationship is active and not expired.
  
  
  
  Review Configuration Settings:
  
  Check the configuration settings in the Customizing (SPRO) for Treasury and Risk Management to ensure that all necessary settings for hedge accounting are correctly defined.
  
  
  
  Data Consistency Check:
  
  Verify that the identifiers for both the derivative and the hedged item are correct and consistent.
  Ensure that the relevant data is complete and accurate.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on hedge accounting and the requirements for defining hedging relationships.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  TPM1: Create Hedging Relationship
  TPM2: Display Hedging Relationship
  TPM3: Change Hedging Relationship
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or bugs related to this error message.
  Hedge Accounting: Familiarize yourself with the principles of hedge accounting, including the types of hedges (fair value hedges, cash flow hedges, etc.) and the requirements for effectiveness testing.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant specializing in Treasury and Risk Management for further assistance.