How To Fix THMHR_ADMIN570 - No hedging relationship found for derivative &1 hedged item &2 version &3

SAP Error Message - Details

• Message type: E = Error

• Message class: THMHR_ADMIN - Messages for managing hedge relationships

• Message number: 570

• Message text: No hedging relationship found for derivative &1 hedged item &2 version &3

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message THMHR_ADMIN570 - No hedging relationship found for derivative &1 hedged item &2 version &3 ?

  The SAP error message THMHR_ADMIN570 indicates that there is no hedging relationship found for a specified derivative and its corresponding hedged item in the system. This error typically arises in the context of hedge accounting within SAP Treasury and Risk Management (TRM).
  Cause:
  
  Missing Hedging Relationship: The primary cause of this error is that the system cannot find a defined hedging relationship between the specified derivative (financial instrument) and the hedged item (the underlying exposure).
  Incorrect Configuration: There may be issues with the configuration of the hedging relationship, such as incorrect assignment of the hedged item or derivative.
  Version Mismatch: The version specified in the error message may not correspond to an active or valid hedging relationship.
  Data Inconsistencies: There may be inconsistencies or missing data in the master data or transaction data related to the hedging relationship.
  
  Solution:
  
  Check Hedging Relationships: Verify that a hedging relationship exists for the specified derivative and hedged item. You can do this by navigating to the relevant transaction in SAP and checking the hedging relationships.
  Create or Update Hedging Relationship: If no hedging relationship exists, you may need to create one. Ensure that the hedged item and derivative are correctly linked.
  Review Versioning: Ensure that the version specified in the error message is correct and that it corresponds to an active hedging relationship.
  Data Consistency Check: Perform a data consistency check to ensure that all necessary data is present and correctly configured. This may involve checking master data for both the derivative and the hedged item.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on setting up and managing hedging relationships in your version of SAP.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as TPM1, TPM2, or TPM3 for managing hedging relationships.
  SAP Notes: Check for any SAP Notes related to this error message for additional troubleshooting steps or patches that may address known issues.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to view and manage hedging relationships.
  Training and Documentation: Consider training for users involved in hedge accounting to ensure they understand how to properly set up and manage hedging relationships.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant specializing in SAP Treasury and Risk Management.