The underlying of a Bermuda option cannot have an underlying itself

Message type: E = Error

Message class: RY - Messages for RM Basis

Message number: 089

Message text: The underlying of a Bermuda option cannot have an underlying itself



What causes this issue?

The hierarchy for a Bermuda option is restrictive.
In a Bermuda option hierarchy, under each Bermuda option there can be
only one additional Bermuda option, right down to the last Bermuda
option in the hierarchy. Under this last Bermuda option in the hierarchy
, there must be precisely one underlying.
However, you can create a hierarchy containing any number of Bermuda
options.
But your hierarchy must have the following structure:
Bermuda option
,,,, |_Bermuda option
,, |_Bermuda option
,,,, |_Underlying

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

This type of hierarchy is not permitted:
Bermuda option
,,,,|_Bermuda option
,,,, |_Bermuda option
,,,, |_Underlying
,,,, |_Underlying
Bermuda option
,,,, |_Bermuda option
,,,,,,,, |_Bermuda option
,,,,,,,, |_Underlying,,


System Response



How to fix this error?

Correct your hierarchy for the generic transaction.


Procedure for System Administrators


Error message extract from SAP system. Copyright SAP SE.