How To Fix F0424 - The S.W.I.F.T. code has not been maintained for sender bank &1 &2

SAP Error Message - Details

• Message type: E = Error

• Message class: F0 - FI batch program messages

• Message number: 424

• Message text: The S.W.I.F.T. code has not been maintained for sender bank &1 &2

What causes this issue?

The <GL:SWIFT_code>SWIFT code</> of the <DS:DE.FORDSBNK>sender bank</>
of the MT101 file has not been maintained (bank country &V1&, bank key
&V2&, paying company code &V3&, house bank ID &V4&). If this
information is not added at a later date by the bank sending the MT101
file, the DME file is invalid.

How to fix this error?

You must carry out one of the following activities:
Enter the SWIFT code of the sender bank on the selection screen of the
program.
If the bank sending the MT101 file is also the bank receiving the file,
enter the SWIFT code of one of the receiving banks which is not the
house bank in the <DS:DE.DTELZ>Bank number of the bank receiving the
data medium</> field in the DME data for the house bank.
<DS:TRAN.FI12>Proceed</>
Maintain the SWIFT code of the house bank if the house bank is both the
receiving bank and the sender bank of the MT101 file.
<DS:TRAN.FI02>Proceed</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message F0424 - The S.W.I.F.T. code has not been maintained for sender bank &1 &2 ?

  The SAP error message F0424 indicates that the S.W.I.F.T. code for the sender bank has not been maintained in the system. This error typically arises when processing payments or transactions that require the S.W.I.F.T. code for international banking operations.
  Cause:
  The primary cause of this error is that the S.W.I.F.T. code (also known as the Bank Identifier Code or BIC) for the specified sender bank has not been entered or is missing in the SAP system. This code is essential for identifying the bank in international transactions.
  Solution:
  To resolve this error, you need to maintain the S.W.I.F.T. code for the sender bank in the SAP system. Here are the steps to do this:
  
  
  Access the Bank Master Data:
  
  Go to the transaction code FI01 (Create Bank) or FI02 (Change Bank) in SAP.
  
  
  
  Enter Bank Details:
  
  Input the bank country and bank key (the sender bank's details) to access the bank master record.
  
  
  
  Maintain S.W.I.F.T. Code:
  
  In the bank master record, look for the field labeled "S.W.I.F.T. Code" or "BIC."
  Enter the correct S.W.I.F.T. code for the sender bank.
  
  
  
  Save Changes:
  
  After entering the S.W.I.F.T. code, save the changes to the bank master record.
  
  
  
  Reprocess the Transaction:
  
  After maintaining the S.W.I.F.T. code, try to reprocess the transaction that generated the error.
  
  
  
  Related Information:
  
  Bank Master Data: Ensure that all relevant bank details are correctly maintained in the system, including the bank's address, country, and other identifiers.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FI01 (Create Bank), FI02 (Change Bank), and FI03 (Display Bank) for managing bank master data.
  User Authorizations: Ensure that you have the necessary authorizations to make changes to bank master data in SAP.
  Documentation: Refer to SAP documentation or your organization's internal guidelines for maintaining bank master data to ensure compliance with any specific requirements.
  
  If the issue persists after maintaining the S.W.I.F.T. code, consider checking for any additional configuration settings or consulting with your SAP support team for further assistance.