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.
Related Error Messages
RY087 Enter start of term for American-style exercising of option (&1)
RY086 Start dates of the terms of the elementary trans. are not ascending (&1)
RY090 Error in the hierarchy; elementary transaction &1 is a Bermuda option
RY100 ----------- Online maintenance for generic transaction part 2 ------