How To Fix TPM_THX1605 - Hedging relationship &1(&2) is not designated (released)

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 605

• Message text: Hedging relationship &1(&2) is not designated (released)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message TPM_THX1605 - Hedging relationship &1(&2) is not designated (released) ?

  The SAP error message TPM_THX1605 indicates that a hedging relationship in the Treasury and Risk Management (TRM) module is not designated or released. This typically occurs in the context of hedge accounting, where a hedging relationship must be properly defined and released to be effective.
  Cause:
  
  Hedging Relationship Not Released: The hedging relationship has been created but not yet released for accounting purposes.
  Incorrect Configuration: There may be issues with the configuration of the hedging relationship, such as missing parameters or incorrect settings.
  Data Inconsistencies: There may be inconsistencies in the data related to the hedging relationship, such as missing or incorrect entries in the relevant master data or transaction data.
  Authorization Issues: The user may not have the necessary authorizations to release or designate the hedging relationship.
  
  Solution:
  
  
  Release the Hedging Relationship:
  
  Navigate to the transaction where the hedging relationship is defined (e.g., transaction code TPM1 for creating or TPM2 for changing).
  Check the status of the hedging relationship and ensure it is released. If it is not, release it by following the appropriate steps in the system.
  
  
  
  Check Configuration:
  
  Review the configuration settings for the hedging relationship to ensure all required fields are filled out correctly.
  Ensure that the hedging relationship is properly linked to the underlying transaction.
  
  
  
  Data Validation:
  
  Validate the data associated with the hedging relationship. Ensure that all necessary master data (e.g., financial instruments, risk management settings) is correctly set up.
  Check for any inconsistencies or missing data that could prevent the hedging relationship from being designated.
  
  
  
  Authorization Check:
  
  Ensure that the user attempting to release or designate the hedging relationship has the necessary authorizations. If not, contact your system administrator to obtain the required permissions.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the hedging relationship setup and release process.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as TPM1 (Create Hedging Relationship), TPM2 (Change Hedging Relationship), and TPM3 (Display Hedging Relationship).
  SAP Notes: Check for any SAP Notes related to this error message for additional troubleshooting steps or patches that may address known issues.
  Training and Support: If you are new to SAP Treasury and Risk Management, consider seeking training or support from experienced colleagues or SAP consultants.
  
  By following these steps, you should be able to resolve the TPM_THX1605 error and successfully designate and release the hedging relationship in SAP.