How To Fix THMHR_EVENT133 - Effectiveness assessment was not run for hedging instrument &2

SAP Error Message - Details

• Message type: E = Error

• Message class: THMHR_EVENT - Messages for events occuring at valuation

• Message number: 133

• Message text: Effectiveness assessment was not run for hedging instrument &2

What causes this issue?

You are attempting to post a valuation or realization for transaction
&v2& in company code &v1&. This transaction is part of hedging
relationship &v3&. An effectiveness assessment has not been run (using
THM80) for &v4&.

System Response

Since the effectiveness assessment has not been run, it is not possible
to make the posting.

How to fix this error?

Run an effectiveness test for transaction &v2& in company code &v1& on
&v4& (using transaction THM80).

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message THMHR_EVENT133 - Effectiveness assessment was not run for hedging instrument &2 ?

  The SAP error message THMHR_EVENT133 indicates that the effectiveness assessment for a hedging instrument has not been executed. This is typically related to the management of financial instruments and hedging activities within the SAP system, particularly in the context of hedge accounting.
  Cause:
  
  Missing Effectiveness Assessment: The effectiveness assessment for the hedging instrument has not been performed. This could be due to a lack of configuration or a failure to execute the necessary transaction.
  Incorrect Configuration: The hedging relationship may not be properly configured in the system, leading to the inability to run the effectiveness assessment.
  Data Issues: There may be missing or incorrect data related to the hedging instrument or the underlying exposure that prevents the assessment from being executed.
  Timing Issues: The assessment may not have been run within the required time frame, or the relevant periods may not be set correctly.
  
  Solution:
  
  Run Effectiveness Assessment: Navigate to the appropriate transaction in SAP (e.g., transaction code F.30 for running effectiveness assessments) and execute the effectiveness assessment for the hedging instrument in question.
  Check Configuration: Review the configuration settings for the hedging relationship in the system. Ensure that all necessary parameters are set correctly, including the hedging instrument, underlying exposure, and assessment methods.
  Verify Data: Check the data associated with the hedging instrument and the underlying exposure. Ensure that all required fields are filled out correctly and that there are no inconsistencies.
  Review Timing: Ensure that the effectiveness assessment is being run within the correct accounting periods and that the periods are open for posting.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the effectiveness assessment process and any prerequisites that may need to be fulfilled.
  
  Related Information:
  
  Hedge Accounting: Understanding the principles of hedge accounting and the requirements for effectiveness assessments is crucial. This includes knowledge of the types of hedges (fair value hedges, cash flow hedges, etc.) and the criteria for effectiveness.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide additional troubleshooting steps.
  User Roles and Authorizations: Ensure that the user executing the effectiveness assessment has the necessary authorizations to perform this action in the SAP system.
  Training and Support: If issues persist, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in financial instruments and hedge accounting.
  
  By following these steps, you should be able to resolve the THMHR_EVENT133 error and successfully run the effectiveness assessment for your hedging instruments.