How To Fix TPM_THXE1047 - Hedge profile &1: Effectiveness test result validity is missing

SAP Error Message - Details

• Message type: E = Error

• Message class: TPM_THXE1 - message class for effectiveness test

• Message number: 047

• Message text: Hedge profile &1: Effectiveness test result validity is missing

What causes this issue?

In the profile customizing if the effectiveness validity field is
initial then this message is caused.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

In the Profile customizing , enter the validity of the effectiveness
test.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message TPM_THXE1047 - Hedge profile &1: Effectiveness test result validity is missing ?

  The SAP error message TPM_THXE1047 indicates that there is a missing validity for the effectiveness test result of a hedge profile in the Treasury and Risk Management module. This error typically arises when the system is unable to find the necessary data to validate the effectiveness of a hedge relationship, which is crucial for compliance with accounting standards such as IFRS or US GAAP.
  Cause:
  
  Missing Effectiveness Test Results: The effectiveness test results for the hedge profile may not have been generated or recorded in the system.
  Incorrect Configuration: The hedge profile may not be properly configured, leading to missing parameters or settings required for the effectiveness test.
  Data Inconsistency: There may be inconsistencies in the data related to the hedging relationship, such as missing or incorrect entries in the hedge accounting settings.
  Timing Issues: The effectiveness test may not have been executed at the appropriate time, or the results may not have been updated after changes were made to the hedge profile.
  
  Solution:
  
  Run Effectiveness Test: Ensure that the effectiveness test has been executed for the hedge profile in question. You can do this through the relevant transaction in SAP (e.g., using transaction code TPM1 or TPM2).
  Check Configuration: Review the configuration of the hedge profile to ensure that all necessary parameters are set correctly. This includes checking the hedging relationship, underlying transactions, and any relevant settings.
  Review Data Entries: Check the entries related to the hedge profile for any missing or incorrect data. Ensure that all necessary documents and transactions are properly recorded.
  Update Validity Period: If the effectiveness test results are valid for a specific period, ensure that the validity period is correctly set and that the results are within that period.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the effectiveness test and hedge accounting processes.
  
  Related Information:
  
  Hedge Accounting: Understanding the principles of hedge accounting is crucial, as it involves assessing the effectiveness of hedging relationships to ensure compliance with accounting standards.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP Treasury and Risk Management, such as TPM1 (Create Hedge Profile), TPM2 (Change Hedge Profile), and TPM3 (Display Hedge Profile).
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to perform effectiveness tests and make changes to hedge profiles.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant specializing in SAP Treasury and Risk Management for further assistance.