How To Fix VAL702 - Swap rate &1 to &2 using rate type &3 is 0 since runtime is equal 0 days

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 702

• Message text: Swap rate &1 to &2 using rate type &3 is 0 since runtime is equal 0 days

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message VAL702 - Swap rate &1 to &2 using rate type &3 is 0 since runtime is equal 0 days ?

  The SAP error message VAL702 indicates that there is an issue with the swap rate being calculated or retrieved for a financial transaction. Specifically, the message states that the swap rate between two currencies (indicated by &1 and &2) using a specified rate type (&3) is zero because the runtime is equal to zero days. This typically occurs in the context of financial instruments, such as swaps, where interest rates or exchange rates are involved.
  Cause:
  
  Zero Runtime: The error suggests that the runtime for the swap is set to zero days. This could happen if the start and end dates for the swap are the same, leading to no duration for which the rate can be applied.
  Missing or Incorrect Configuration: The rate type specified may not have any valid rates defined for the given currencies or the specified time period.
  Data Entry Errors: There may be errors in the data entry for the financial instrument, such as incorrect dates or missing information.
  
  Solution:
  
  Check Dates: Review the start and end dates of the swap transaction. Ensure that they are set correctly and that there is a valid duration (greater than zero days).
  Verify Rate Type: Check the configuration of the rate type (&3) in the system. Ensure that it has valid rates defined for the currencies involved and that the rates are applicable for the specified time period.
  Adjust Runtime: If the runtime is indeed zero, consider adjusting the transaction to have a valid duration. This may involve changing the end date to a future date.
  Consult Documentation: Refer to SAP documentation or help resources for specific details on how to configure and manage swap rates and rate types.
  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 in SAP that deal with financial instruments, such as SWAP or related financial modules.
  Configuration Settings: Review the configuration settings for financial instruments in the SAP system, particularly those related to interest rates and currency exchange rates.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that address the issue.
  
  By following these steps, you should be able to identify the root cause of the VAL702 error and implement a solution to resolve it.