How To Fix TPM_THX1521 - Designation category &1 not allowed for collar FX option

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 521

• Message text: Designation category &1 not allowed for collar FX option

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message TPM_THX1521 - Designation category &1 not allowed for collar FX option ?

  The SAP error message TPM_THX1521, which states "Designation category &1 not allowed for collar FX option," typically occurs in the context of Treasury and Risk Management (TRM) when dealing with financial instruments, specifically foreign exchange (FX) options.
  Cause:
  This error is usually triggered when you are trying to create or process a collar FX option with a designation category that is not compatible with the requirements of the collar structure. The designation category defines how the financial instrument is treated in terms of accounting and reporting, and certain categories may not be allowed for specific types of instruments like collar options.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Designation Category: Review the designation category you are using for the collar FX option. Ensure that it is appropriate for this type of financial instrument. You may need to refer to your organization's financial policies or SAP documentation to confirm which designation categories are valid for collar FX options.
  
  
  Change Designation Category: If the current designation category is not allowed, you may need to change it to a valid one. This can typically be done in the transaction where you are creating or modifying the FX option.
  
  
  Consult Configuration: If you are unsure about which designation categories are allowed, consult with your SAP configuration team or refer to the configuration settings in the SAP system. They can provide insights into the allowed categories for different financial instruments.
  
  
  Review Documentation: Check the SAP Help Portal or relevant documentation for any specific guidelines regarding collar FX options and designation categories. This can provide additional context and help you understand the restrictions.
  
  
  Testing: After making changes, test the transaction again to ensure that the error is resolved.
  
  
  Related Information:
  
  SAP Notes: Look for any relevant SAP Notes that might address this specific error or provide additional guidance on collar FX options and designation categories.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for managing financial instruments, such as TPM1 (Create Financial Transaction) or TPM2 (Change Financial Transaction).
  User Roles: Ensure that you have the necessary permissions to change designation categories or create financial instruments in the SAP system.
  
  If the issue persists after following these steps, it may be beneficial to reach out to SAP support or your internal SAP support team for further assistance.