How To Fix TPM_THX1354 - Eff.Test Without Bus. Trans. is only possible with status "Designated"

TPM_THX1354 - Overview

• Message type: E = Error

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

• Message number: 354

• Message text: Eff.Test Without Bus. Trans. is only possible with status "Designated"

What causes this issue?

<LS>Eff.Test Without Bus. Trans.</> is only possible with status
<LS>Designated</>.

System Response

You cannot perform an effectiveness test with the current hedging
relationship status.

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

This occurs if the effectiveness test is not associated with a business
transaction in the test plan.

How to fix this error?

You can change the display date for the hedging relationship (using the
button with calendar icon) from the current date to a date when the
hedging relationship has the status <LS>Designated</>.

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 TPM_THX1354 - Eff.Test Without Bus. Trans. is only possible with status "Designated" ?

  The SAP error message TPM_THX1354, which states "Eff.Test Without Bus. Trans. is only possible with status 'Designated'," typically occurs in the context of Treasury and Risk Management (TRM) within SAP, particularly when dealing with financial instruments or transactions.
  
  Cause:
  This error message indicates that you are attempting to perform an effectiveness test on a hedge relationship that is not in the correct status. Specifically, the effectiveness test can only be conducted when the hedge relationship is in the "Designated" status. If the hedge relationship is in a different status (e.g., "Active," "Inactive," or "Terminated"), the system will not allow the effectiveness test to proceed.
  
  Solution:
  To resolve this error, you should follow these steps:
  
  
  Check the Status of the Hedge Relationship:
  
  Navigate to the relevant transaction or report in SAP where you can view the hedge relationship.
  Verify the current status of the hedge relationship. It should be "Designated" for the effectiveness test to be performed.
  
  
  
  Change the