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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• 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 perform the currency swap transaction.
  
  Solutions:
  
  Check Configuration: Review the configuration settings for the bank area in question. Ensure that all necessary parameters for currency swaps are correctly set up.
  Verify Master Data: Ensure that all required master data is complete and accurate. This includes checking bank accounts, currency types, and any other relevant data.
  Maintain Exchange Rates: Check if the exchange rates for the currencies involved in the swap are maintained in the system. If not, update the exchange rates accordingly.
  Review Transaction Data: Double-check the transaction data for any errors. Ensure that the currency codes and amounts are correct and valid.
  Check Authorizations: Verify that the user has the necessary authorizations to perform the currency swap transaction. If not, work with your SAP security team to grant the required permissions.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message. SAP Notes often provide patches or additional guidance for known issues.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that may help in troubleshooting, such as:
  
  FB50: General Ledger Account Document Entry
  FBL1N: Vendor Line Item Display
  FBL3N: G/L Account Line Item Display
  
  
  Documentation: Review SAP documentation related to currency swaps and banking transactions for additional context and troubleshooting steps.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or reach out to SAP support for further assistance.