How To Fix TPM_THX1475 - Option exercise not possible. H.Rel. &1 in CoCd &2 already dedesignated

TPM_THX1475 - Overview

• Message type: E = Error

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

• Message number: 475

• Message text: Option exercise not possible. H.Rel. &1 in CoCd &2 already dedesignated

What causes this issue?

You are trying to exercise an option or to settle an exercise option.
The option is in a hedging relationship and the resulting forward
transaction should be added to the existing hedging relationship. The
dedesignation business transaction of this hedging relationship has
already been released with transaction <AB>TPM120.</>

System Response

The system doesn't allow you to exercise an option or to settle an
exercise option.

How to fix this error?

Use transaction <AB>TPM121</> first to reverse the release of the
corresponding dedesignation business transaction.

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.

TPM_THX1475 - Details

• The SAP error message TPM_THX1475 indicates that an option exercise is not possible because the related hedge relationship (H.Rel.) has already been dedesignated in the specified company code (CoCd). This typically occurs in the context of Treasury and Risk Management (TRM) when dealing with financial instruments and hedging relationships.
  
  Cause:
  
  Dedesignation of Hedge Relationship: The hedge relationship associated with the option has been dedesignated, meaning it is no longer active. This could happen due to various reasons, such as the expiration of the hedge, manual dedesignation, or changes in the underlying asset or liability.
  Incorrect Status: The option may be in a status that does not allow for exercise, often due to the dedesignation of the hedge relationship.
  Data Entry Errors: There may be errors in the data entry or configuration that led to the hedge relationship being marked as dedesignated.
  
  
  Solution:
  
  Check Hedge Relationship Status: Verify the status of the hedge relationship in the system.