How To Fix BFIBL02307 - Recipient bank SWIFT code of payment medium in format MT&1 is missing

SAP Error Message - Details

• Message type: E = Error

• Message class: BFIBL02 - Payment Medium: Messages

• Message number: 307

• Message text: Recipient bank SWIFT code of payment medium in format MT&1 is missing

What causes this issue?

The payee bank SWIFT code (bank country &V2&, bank key &V3&) of the
payment medium in format MT&V1& is missing.
ELSE
The payee bank SWIFT code of the payment medium in format MT&V1& is
missing.
ENDIF
If this data is not entered by the sending bank in the message MT&V1&,
then the payment medium file will be invalid.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

The payee bank can be entered directly as a format parameter (field
<DS:DE.PAYMRECV_FPM>Payee bank SWIFT code</>) or can be read from the
house bank DME data (indicator <DS:DE.PAYMRCHD_FPM>Payee in house bank
DME data</> in the format parameters).
With logical or physical individual payments (field
<DS:DE.PAYMTYPE_FPM>Payment medium type: Collective, logical, physical
individual payments</> of format parameters) the payee bank is filled
with the payee bank SWIFT code when neither of the two options are
chosen (<DS:TRAN.FI02>Maintain bank data
</>).
With collective payments, the payee bank is not filled if you do not
choose any of the named options.
Choose one of the named options to fill the payee bank, make sure that
the payee bank is filled afterwards by the sending bank of the MT&V1&
message, or switch off output of the prefix in the format parameters
(Indicator <DS:DE.PAYMHEAD_FPM>Create SWIFT MTxxx prefix</>).

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message BFIBL02307 - Recipient bank SWIFT code of payment medium in format MT&1 is missing ?

  The SAP error message BFIBL02307 indicates that the recipient bank's SWIFT code is missing in the payment medium format MT&1. This error typically occurs when generating payment files for bank transfers, particularly in the context of international payments where a SWIFT code is required for identifying the recipient bank.
  Cause:
  
  Missing SWIFT Code: The recipient bank's SWIFT code has not been entered in the vendor or customer master data.
  Incorrect Configuration: The payment medium format may not be correctly configured to include the SWIFT code.
  Data Entry Error: There may be a data entry error in the payment document or master data.
  
  Solution:
  
  
  Check Vendor/Customer Master Data:
  
  Go to the vendor or customer master record in SAP (transaction codes like XK03 for vendors or FD03 for customers).
  Ensure that the SWIFT code is correctly entered in the relevant field (usually under the bank details section).
  
  
  
  Review Payment Medium Configuration:
  
  Check the configuration for the payment medium format being used (transaction code OBPM1 for payment medium formats).
  Ensure that the format MT&1 is set up to include the SWIFT code. You may need to adjust the settings to ensure that the SWIFT code is included in the output.
  
  
  
  Validate Payment Document:
  
  Review the payment document that is being processed to ensure that all necessary information, including the SWIFT code, is present.
  If the payment document is generated from a transaction, ensure that all required fields are filled out correctly.
  
  
  
  Test Payment Medium Generation:
  
  After making the necessary corrections, try to regenerate the payment medium to see if the error persists.
  
  
  
  Related Information:
  
  SWIFT Code: A SWIFT code (or BIC) is an international standard for identifying banks and financial institutions. It is essential for international wire transfers.
  Payment Medium Formats: SAP supports various payment medium formats, including SEPA, MT940, and others. Each format may have specific requirements for the data included.
  Transaction Codes:
  
  OBPM1: Payment Medium Format Configuration
  XK03: Display Vendor Master Data
  FD03: Display Customer Master Data
  F110: Automatic Payment Transactions (to process payments)
  
  
  
  By following these steps, you should be able to resolve the error and successfully generate the payment medium with the required SWIFT code.