How To Fix TPM_THX1066 - At least one hedging instrument must be selected for designation

SAP Error Message - Details

• Message type: E = Error

• Message class: TPM_THX1 - Treasury: Message Class for P-HA

• Message number: 066

• Message text: At least one hedging instrument must be selected for designation

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message TPM_THX1066 - At least one hedging instrument must be selected for designation ?

  The SAP error message TPM_THX1066, which states "At least one hedging instrument must be selected for designation," typically occurs in the context of Treasury and Risk Management (TRM) when you are trying to designate a hedging relationship but have not selected any hedging instruments.
  Cause:
  This error arises when you attempt to create or modify a hedge designation without selecting at least one hedging instrument. In SAP, a hedging relationship requires at least one hedging instrument to be defined in order to proceed with the designation process. This is a validation check to ensure that the hedging relationship is meaningful and can be executed.
  Solution:
  To resolve this error, follow these steps:
  
  
  Open the Hedging Relationship: Navigate to the transaction where you are trying to designate the hedging relationship (e.g., transaction code TPM1 for designating hedges).
  
  
  Select Hedging Instruments: Ensure that you have selected at least one hedging instrument from the available list. This can typically be done by:
  
  Clicking on the "Select" or "Add" button to choose the hedging instruments you want to include in the designation.
  Make sure that the selected instruments are valid and active.
  
  
  
  Check for Validity: Ensure that the hedging instruments you are selecting are valid for the hedging relationship you are trying to create. This includes checking that they are not expired or inactive.
  
  
  Save Changes: After selecting the necessary hedging instruments, save your changes and try to proceed with the designation again.
  
  
  Related Information:
  
  Hedging Instruments: These can include derivatives such as options, forwards, or swaps that are used to mitigate financial risks.
  Hedging Relationships: In SAP, a hedging relationship defines how a hedging instrument is linked to an underlying exposure.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for managing hedging instruments and relationships, such as TPM1 (Hedge Designation), TPM2 (Hedge Accounting), and TPM3 (Hedge Reporting).
  Documentation: Refer to SAP Help documentation or your organization's SAP training materials for more detailed guidance on managing hedging relationships and instruments.
  
  If you continue to experience issues after following these steps, it may be helpful to consult with your SAP support team or refer to SAP Notes for any specific patches or updates related to this error message.