How To Fix TPM_THX1456 - Hedging profile for underlying is allowed only for FX option scenarios

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 456

• Message text: Hedging profile for underlying is allowed only for FX option scenarios

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message TPM_THX1456 - Hedging profile for underlying is allowed only for FX option scenarios ?

  The SAP error message TPM_THX1456 indicates that there is an issue with the hedging profile configuration for an underlying asset in the context of a financial transaction, specifically related to FX (foreign exchange) options. This error typically arises when the system detects that the hedging profile being used is not compatible with the type of transaction being processed.
  Cause:
  The error occurs when:
  
  The hedging profile assigned to the underlying asset is not set up to handle the specific type of transaction (in this case, FX options).
  The transaction being processed is not recognized as a valid scenario for the hedging profile that has been assigned.
  There may be a misconfiguration in the settings of the hedging profile or the underlying asset.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Hedging Profile Configuration:
  
  Navigate to the configuration settings for the hedging profile in the SAP system.
  Ensure that the hedging profile is specifically configured to handle FX options. If it is not, you may need to create or modify a hedging profile that is compatible with FX options.
  
  
  
  Review Underlying Asset Settings:
  
  Verify the settings of the underlying asset associated with the transaction. Ensure that it is correctly defined and that the hedging profile assigned to it is appropriate for the type of transaction being processed.
  
  
  
  Transaction Type Validation:
  
  Confirm that the transaction type you are trying to execute is indeed an FX option. If it is a different type of transaction, you may need to use a different hedging profile that corresponds to that transaction type.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources related to Treasury and Risk Management (TRM) for detailed guidance on hedging profiles and their configurations.
  
  
  
  Testing:
  
  After making the necessary adjustments, test the transaction again to ensure that the error has been resolved.
  
  
  
  Seek Support:
  
  If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in Treasury and Risk Management for further assistance.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional insights into hedging profiles and FX options.
  Transaction Codes: Familiarize yourself with transaction codes related to Treasury and Risk Management, such as TPM1 (Hedging) and TPM2 (Hedging Profile).
  Training: Consider training sessions or workshops on SAP Treasury and Risk Management to better understand the configuration and management of hedging profiles.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary changes to resolve it.