How To Fix 1Q411 - Error during currency swap in bank area &1

1Q411 - Overview

• Message type: E = Error

• Message class: 1Q - Messages In-House Banking

• Message number: 411

• Message text: Error during currency swap in bank area &1

What causes this issue?

While posting a payment order or payment request, an error occurred
during the currency swap in bank area &V1&.

System Response

Posting was terminated.

How to fix this error?

In Customizing for FSCM-IH component, check if the currency swap
accounts have been defined correctly.

Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message 1Q411 - Error during currency swap in bank area &1 ?

  The SAP error message 1Q411 ("Error during currency swap in bank area &1") typically occurs in the context of financial transactions involving currency swaps in the banking module of SAP. This error can arise due to various reasons, and understanding the cause is essential for resolving it.
  Possible Causes:
  
  
  Configuration Issues: The bank area may not be properly configured for currency swaps. This includes settings related to currency types, exchange rates, or bank area-specific parameters.
  Missing Master Data: Required master data for the currency swap transaction may be missing or incomplete. This could include bank accounts, currency types, or other relevant financial data.
  Exchange Rate Issues: The exchange rates for the currencies involved in the swap may not be maintained or may be incorrect.
  Transaction Data Errors: There may be errors in the transaction data being processed, such as invalid currency codes or incorrect amounts.
  Authorization Issues: The user may not have the necessary authorizations to