How To Fix F0427 - The S.W.I.F.T. code has not been maintained for recipient bank &1 &2

SAP Error Message - Details

• Message type: E = Error

• Message class: F0 - FI batch program messages

• Message number: 427

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

What causes this issue?

The <GL:SWIFT_code>SWIFT code</> of the <DS:DE.DTELZ>receiving 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 <DS:DE.FORDSBNK>sender
bank</> of the MT101 file, the DME file is invalid.

How to fix this error?

You must carry out one of the following activities:
Maintain the SWIFT code of the house bank
<DS:TRAN.FI02>Proceed</>
In the DME data for the house bank, 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.
<DS:TRAN.FI12>Proceed</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message F0427 - The S.W.I.F.T. code has not been maintained for recipient bank &1 &2 ?

  The SAP error message F0427 indicates that the S.W.I.F.T. code for a recipient bank has not been maintained in the system. This error typically occurs when you are trying to process a payment or transaction that requires the S.W.I.F.T. code for the specified bank, but the code has not been entered in the relevant master data.
  Cause:
  
  Missing S.W.I.F.T. Code: The primary cause of this error is that the S.W.I.F.T. code for the recipient bank (identified by the bank key and country) has not been maintained in the system.
  Incorrect Bank Details: The bank details entered for the recipient may be incorrect or incomplete.
  Master Data Issues: The bank master data may not have been set up properly or may be outdated.
  
  Solution:
  To resolve the error, you need to maintain the S.W.I.F.T. code for the recipient 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.
  Alternatively, you can use the transaction code OB52 to access the bank master data directly.
  
  
  
  Enter Bank Details:
  
  Enter the bank key and country code for the recipient bank.
  If you are creating a new bank, fill in all required fields, including the S.W.I.F.T. code.
  
  
  
  Maintain the S.W.I.F.T. Code:
  
  In the bank details screen, locate the field for the S.W.I.F.T. code and enter the correct code for the recipient bank.
  Ensure that all other relevant information is also filled out correctly.
  
  
  
  Save Changes:
  
  After entering the S.W.I.F.T. code and verifying all details, save the changes.
  
  
  
  Reprocess the Transaction:
  
  After maintaining the S.W.I.F.T. code, try to reprocess the payment or transaction that triggered the error.
  
  
  
  Related Information:
  
  S.W.I.F.T. Code: The S.W.I.F.T. code (Society for Worldwide Interbank Financial Telecommunication) is a standard format for Business Identifier Codes (BIC) and is used to identify banks and financial institutions globally.
  Bank Master Data: It is essential to keep the bank master data up to date to avoid issues with payments and transactions.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FI01, FI02, and FI03 (Display Bank) for managing bank master data.
  
  If the issue persists after maintaining the S.W.I.F.T. code, you may need to check for additional configuration settings or consult with your SAP support team for further assistance.