How To Fix TPM_TRL212 - You cannot exercise listed options "normal style" with pos. man. cat. &1

SAP Error Message - Details

• Message type: E = Error

• Message class: TPM_TRL - Messages Class Treasury Ledger

• Message number: 212

• Message text: You cannot exercise listed options "normal style" with pos. man. cat. &1

Trados = TR

What causes this issue?

It is only possible to exercise listed options if the relevant position
has been assigned a position management procedure with the position
management category 001 "Securities/Loans/Money Market/Listed Options
Normal Style (Without Index-Linked Bonds)" However, the position with ID
number &V3& in the futures account &V4& is assigned to a position
management procedure with the position management category &V1& in
valuation area &V2&.

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?

The option cannot be exercised.

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_TRL212 - You cannot exercise listed options "normal style" with pos. man. cat. &1 ?

  The SAP error message TPM_TRL212 indicates that there is an issue with exercising listed options of a "normal style" when the position management category (indicated by &1) does not allow for such actions. This error typically arises in the context of Treasury and Risk Management (TRM) within SAP, particularly when dealing with financial instruments like options.
  Cause:
  The error is caused by a mismatch between the type of option you are trying to exercise and the position management category assigned to that option. Specifically, "normal style" options (which can be exercised at expiration) cannot be exercised if the position management category does not support this action. 
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Position Management Category: Review the position management category assigned to the option in question. Ensure that it is set up to allow for the exercise of normal style options.
  
  
  Adjust Configuration: If the current position management category does not support exercising options, you may need to change the category or adjust its configuration. This may involve:
  
  Modifying the settings in the Customizing (SPRO) for Treasury and Risk Management.
  Ensuring that the category is correctly defined to handle the exercise of options.
  
  
  
  Review Option Details: Verify the details of the option, including its type and style. Ensure that it is indeed a "normal style" option and that all related parameters are correctly set.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on managing options and position management categories.
  
  
  Contact SAP Support: If you are unable to resolve the issue through configuration changes, consider reaching out to SAP support for further assistance.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional context.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for managing financial instruments, such as TPM1 for managing treasury products.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to perform actions related to the exercise of options.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.