How To Fix VAL701 - Swap rate &1 to &2 using rate type &3 is 0

SAP Error Message - Details

• Message type: E = Error

• Message class: VAL - Treasury: Messages for General Valuation

• Message number: 701

• Message text: Swap rate &1 to &2 using rate type &3 is 0

What causes this issue?

You want to value a forward exchange transaction. To do this, the
system requires the market swap rate.
In this case, the market swap rate determined by the system was 0. This
may be because no swap rates are available in the system for the
currency pair &V1& / &V2&.

System Response

The valuation was carried out.

How to fix this error?

Check the swap rates for the currency pair &V1& / &V2&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message VAL701 - Swap rate &1 to &2 using rate type &3 is 0 ?

  The SAP error message VAL701 indicates that there is an issue with the swap rate being used in a financial transaction or valuation. Specifically, the message states that the swap rate from one currency (or interest rate) to another is zero, which means that the system cannot find a valid rate for the specified rate type.
  Cause:
  
  Missing Data: The swap rate for the specified currencies and rate type may not be maintained in the system.
  Incorrect Rate Type: The rate type specified in the transaction may not be valid or may not have been set up correctly.
  Date Issues: The date for which the swap rate is being requested may not have a corresponding rate defined in the system.
  Configuration Issues: There may be configuration issues in the financial module related to interest rates or currency conversions.
  
  Solution:
  
  
  Check Rate Maintenance:
  
  Go to the transaction code for maintaining interest rates (e.g., transaction code OB08 for exchange rates or the relevant transaction for swap rates).
  Verify that the swap rates for the specified currencies and rate type are correctly maintained.
  
  
  
  Verify Rate Type:
  
  Ensure that the rate type used in the transaction is valid and correctly configured in the system.
  Check if the rate type is active and has the necessary settings.
  
  
  
  Check Date Validity:
  
  Ensure that the date for which the swap rate is being requested falls within the range of valid rates maintained in the system.
  
  
  
  Review Configuration:
  
  If you have access, review the configuration settings related to financial instruments and interest rates to ensure everything is set up correctly.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the error message and related configurations.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 for exchange rates, SWPM for swap rate maintenance, or any other relevant financial transaction codes.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  By following these steps, you should be able to identify the cause of the VAL701 error and implement a solution to resolve it.