How To Fix TPM_TRCO_CTY055 - Tick value entered for exchange &1 is incorrect

SAP Error Message - Details

• Message type: E = Error

• Message class: TPM_TRCO_CTY - Message class for Commodity master data

• Message number: 055

• Message text: Tick value entered for exchange &1 is incorrect

What causes this issue?

The tick amount is the minimum change in the price of the underlying per
unit. The tick value is the minimum change in the value of the one whole
derivative contract.
Tick value = Tick amount * Quanity per contract.

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?

Enter the correct tick value. Make sure that the tick value entered is
the correct amount calculated as stated above in quotation currency.

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_TRCO_CTY055 - Tick value entered for exchange &1 is incorrect ?

  The SAP error message TPM_TRCO_CTY055 indicates that the tick value entered for an exchange rate is incorrect. This error typically occurs in the context of Treasury and Risk Management (TRM) when dealing with foreign exchange transactions or currency conversions.
  Cause:
  The error can be caused by several factors, including:
  
  Incorrect Tick Value: The tick value (which represents the smallest price increment for a currency pair) entered does not conform to the expected format or range defined in the system.
  Configuration Issues: The currency pair may not be properly configured in the system, leading to discrepancies in the expected tick value.
  Data Entry Errors: There may be a simple typographical error in the value entered for the tick.
  Currency Pair Not Supported: The currency pair for which the tick value is being entered may not be supported or may not have been set up correctly in the system.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  Verify the Tick Value: Check the tick value you are entering to ensure it is correct. Make sure it adheres to the expected format and range.
  Check Configuration: Review the configuration settings for the currency pair in question. Ensure that the tick size is defined correctly in the system.
  Consult Documentation: Refer to SAP documentation or help resources to understand the expected values for tick sizes for the specific currency pair you are working with.
  Update Currency Pair Settings: If the currency pair is not set up correctly, you may need to update the settings in the system to include the correct tick value.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide further assistance.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuring tick values for currency pairs.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to Treasury and Risk Management, such as transaction codes for managing exchange rates and currency pairs.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.