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

VAL702 - Overview

• 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

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 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