How To Fix TRF0070 - You can only use direct quotation for stock futures.

SAP Error Message - Details

• Message type: E = Error

• Message class: TRF0 - TRF Messages

• Message number: 070

• Message text: You can only use direct quotation for stock futures.

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message TRF0070 - You can only use direct quotation for stock futures. ?

  The SAP error message TRF0070, which states "You can only use direct quotation for stock futures," typically occurs in the context of trading or financial transactions involving stock futures in the SAP system. This error indicates that the system is expecting a direct quotation format for the stock futures transaction you are trying to execute.
  Cause:
  
  Quotation Type: The error arises when the system is set to expect a direct quotation (where the price is quoted in the currency of the transaction) but the input provided is in an indirect quotation format (where the price is quoted in terms of another currency).
  Configuration Settings: The settings in the SAP system for the trading environment may not be correctly configured to handle the type of quotation being used.
  Transaction Type: The specific transaction you are attempting to execute may not support the type of quotation you are providing.
  
  Solution:
  
  Check Quotation Format: Ensure that you are entering the price in the correct format. For stock futures, you should provide a direct quotation.
  Review Configuration: Check the configuration settings in the SAP system related to financial instruments and trading. Ensure that the settings for stock futures are correctly configured to accept direct quotations.
  Consult Documentation: Refer to the SAP documentation or help resources for guidance on the specific transaction you are working with. This may provide insights into the expected formats and configurations.
  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 assistance based on your specific system configuration and transaction requirements.
  
  Related Information:
  
  Direct vs. Indirect Quotation: In financial markets, a direct quotation is when the price of a foreign currency is expressed in terms of the domestic currency (e.g., 1 USD = 1.20 EUR). An indirect quotation is the opposite, where the price of the domestic currency is expressed in terms of a foreign currency.
  SAP Financial Modules: Familiarize yourself with the relevant SAP modules (such as SAP Treasury and Risk Management) that deal with financial transactions and trading, as they may have specific settings and requirements.
  User Training: Ensure that users involved in trading and financial transactions are trained on the correct procedures and formats to avoid such errors in the future.
  
  By addressing the cause of the error and following the suggested solutions, you should be able to resolve the TRF0070 error in SAP.