Diagnosis The hierarchy for a Bermuda option is restrictive. In a Bermuda option hierarchy, under each Bermuda option there can beonly one additional Bermuda option, right down to the last Bermudaoption 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 Bermudaoptions. But your hierarchy must have the following structure: Bermuda option ,,,, |_Bermuda option ,, |_Bermuda option ,,,, |_Underlying This type of hierarchy is not permitted: Bermuda option ,,,,|_Bermuda option ,,,, |_Bermuda option ,,,, |_Underlying ,,,, |_Underlying Bermuda option ,,,, |_Bermuda option ,,,,,,,, |_Bermuda option ,,,,,,,, |_Underlying,, Procedure Correct your hierarchy for the generic transaction. |