How To Fix VAL703 - Swaprate &1 to &2 using ratetype &3 is 0 since val. date smaller than SKD

VAL703 - Overview

• Message type: E = Error

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

• Message number: 703

• Message text: Swaprate &1 to &2 using ratetype &3 is 0 since val. date smaller than SKD

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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message VAL703 - Swaprate &1 to &2 using ratetype &3 is 0 since val. date smaller than SKD ?

  The SAP error message VAL703 indicates that there is an issue with the swap rate being zero due to the valuation date being earlier than the scheduled date (SKD). This typically occurs in the context of financial instruments, particularly in the valuation of swaps or other derivatives.
  
  Cause:
  
  Valuation Date: The valuation date you are using is earlier than the scheduled date for the swap. This means that the system cannot find a valid swap rate for the specified period because it is not yet effective.
  Market Data: There may be missing or incorrect market data for the specified rate type, which can lead to a zero swap rate.
  
  Configuration Issues: There could be configuration issues in the system regarding how swap rates are defined or retrieved.
  
  
  Solution:
  
  Check Valuation Date: Ensure that the valuation date is set correctly and is not earlier than the scheduled date of the swap. Adjust the valuation date if necessary.
  Review