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

SAP Error Message - Details

• 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.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

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 Market Data: Verify that the market data for the specified rate type is available and correctly configured in the system. You may need to update or maintain the market data.
  Configuration Review: Check the configuration settings for the swap rates in your SAP system. Ensure that the rate types and their corresponding settings are correctly defined.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling swap rates and valuation issues.
  Contact Support: If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  Related Information:
  
  Transaction Codes: You may want to check relevant transaction codes such as SWPM (for swap management) or FTR_EDIT (for financial transaction management) to review the details of the swap.
  Market Data Maintenance: Use transaction codes like OB08 to maintain exchange rates or FTR_MAINTAIN for managing financial transactions.
  SAP Notes: Look for SAP Notes related to VAL703 for any patches or updates that may address this issue.
  
  By following these steps, you should be able to resolve the VAL703 error and ensure that your swap rates are correctly calculated.