Hi Mahesh,
The hedged contract is neither mature, nor there is any posting on that contract.
There is no error. The problem is in the hedgement relation ship tab, the hedged contract is not appearing, but in contract hedgement is already active.
now how do i carry out effectiveness test, if the link is not established properly.
Not sure, what user did and how he is able to dissolve the previous one and again create a new one which is not also not updated.
Please refer to images:
Image1:Structure of contract
Image 2:Hedge management tab of contract
Image3:Hedge management relationship tab
Image4: History Image 
