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Message type: E = Error
Message class: VAL - Treasury: Messages for General Valuation
Message number: 103
Message text: Short position &1 &2 cannot be valued
The position you wish to value is a short position. A feature of short
positions is that they have negative nominal or unit information.
Write-ups/write-downs are not calculated for short positions.
The system issues an error message and will not allow you to continue with this transaction until the error is resolved.
Error message extract from SAP system. Copyright SAP SE.
VAL103
- Short position &1 &2 cannot be valued ?The SAP error message VAL103 indicates that there is a short position in a financial transaction that cannot be valued. This typically occurs in the context of financial instruments, such as derivatives or securities, where a short position is created when an investor sells a security they do not own, expecting to buy it back at a lower price.
Cause:
- Short Position Valuation: The error arises when the system attempts to value a short position that does not have a corresponding long position or when the valuation parameters are not set correctly.
- Missing Data: There may be missing or incorrect data related to the short position, such as valuation date, market price, or other relevant financial information.
- Configuration Issues: The system configuration for handling short positions may not be set up correctly, leading to valuation issues.
- Market Conditions: In some cases, market conditions may prevent the valuation of a short position, especially if the underlying asset is not available for trading.
Solution:
- Check Position Data: Verify the details of the short position in question. Ensure that all necessary data is present and correct, including the valuation date and market prices.
- Review Configuration: Check the configuration settings in SAP related to financial instruments and short positions. Ensure that the system is set up to handle short positions correctly.
- Valuation Parameters: Ensure that the valuation parameters are correctly defined in the system. This includes checking the valuation methods and ensuring they are appropriate for short positions.
- Market Data: Ensure that the market data for the underlying asset is available and up to date. If the asset is not available for trading, consider alternative valuation methods or consult with a financial expert.
- Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling short positions and resolving valuation errors.
- Contact Support: If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance.
Related Information:
By following these steps, you should be able to identify the cause of the VAL103 error and implement a solution to resolve it.
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