How To Fix TPM_THX1462 - Swap with changing nominal amount cannot be used as hedging instrument

TPM_THX1462 - Overview

• Message type: E = Error

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

• Message number: 462

• Message text: Swap with changing nominal amount cannot be used as hedging instrument

Self-Explanatory Message

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• What is the cause and solution for SAP error message TPM_THX1462 - Swap with changing nominal amount cannot be used as hedging instrument ?

  The SAP error message TPM_THX1462, which states "Swap with changing nominal amount cannot be used as hedging instrument," typically arises in the context of Treasury and Risk Management (TRM) within SAP, particularly when dealing with financial instruments like swaps.
  
  Cause:
  This error occurs when you attempt to use a swap that has a changing nominal amount (also known as a notional amount) as a hedging instrument in a hedge accounting scenario. In hedge accounting, the hedging instrument must meet specific criteria, including having a fixed nominal amount. If the nominal amount of the swap changes over time, it does not qualify as a valid hedging instrument under the applicable accounting standards (such as IFRS or US GAAP).
  
  Solution:
  To resolve this error, consider the following steps:
  
  
  Review the Swap Contract: Check the terms of the swap contract to confirm whether the nominal amount is indeed variable. If it is, you will need to either:
  
  Modify the