How To Fix TPM_THX1491 - Only two FX options can be linked into a collar FX option

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 491

• Message text: Only two FX options can be linked into a collar FX option

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message TPM_THX1491 - Only two FX options can be linked into a collar FX option ?

  The SAP error message TPM_THX1491 indicates that you are trying to link more than two foreign exchange (FX) options into a collar FX option in the SAP Treasury and Risk Management (TRM) module. A collar FX option typically consists of two options: a purchased option (the "cap") and a sold option (the "floor"). The error arises when the system detects an attempt to link more than these two options.
  Cause:
  The primary cause of this error is an attempt to create a collar FX option structure that includes more than two FX options. In a standard collar structure, you can only have one cap and one floor, which means only two options can be linked together.
  Solution:
  To resolve this error, you should:
  
  
  Review the Options: Check the FX options you are trying to link. Ensure that you are only including one cap option and one floor option in your collar structure.
  
  
  Adjust the Structure: If you have mistakenly included additional options, remove the excess options so that only the two required options remain.
  
  
  Recreate the Collar: If necessary, recreate the collar FX option with the correct number of linked options.
  
  
  Consult Documentation: Refer to the SAP documentation or help resources for guidance on creating collar FX options to ensure compliance with the system's requirements.
  
  
  Seek Support: If you continue to experience issues, consider reaching out to your SAP support team or consulting with an SAP expert who can provide further assistance.
  
  
  Related Information:
  
  SAP Treasury and Risk Management (TRM): This module is designed to manage financial transactions, including foreign exchange options, derivatives, and risk management.
  Collar FX Options: A financial strategy that involves the simultaneous purchase of a cap and the sale of a floor to limit the range of possible future exchange rates.
  SAP Notes and Knowledge Base Articles: Check for any relevant SAP Notes or articles that may provide additional context or updates regarding this error message.
  
  By following these steps, you should be able to resolve the TPM_THX1491 error and successfully create your collar FX option.