How To Fix FAP_BANK_CHAIN_MSG023 - Bank Key of a Correspondent Bank '&1' is invalid.

SAP Error Message - Details

• Message type: E = Error

• Message class: FAP_BANK_CHAIN_MSG -

• Message number: 023

• Message text: Bank Key of a Correspondent Bank '&1' is invalid.

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAP_BANK_CHAIN_MSG023 - Bank Key of a Correspondent Bank '&1' is invalid. ?

  The SAP error message FAP_BANK_CHAIN_MSG023 indicates that there is an issue with the bank key of a correspondent bank in the system. This error typically arises when the bank key provided does not match any valid entries in the system or is incorrectly formatted.
  Cause:
  
  Invalid Bank Key: The bank key entered for the correspondent bank does not exist in the system.
  Incorrect Configuration: The bank key may not be properly configured in the SAP system.
  Data Entry Error: There may be a typographical error in the bank key entered.
  Missing Master Data: The correspondent bank may not have been set up in the system, or the relevant master data is incomplete.
  
  Solution:
  
  Verify Bank Key: Check the bank key entered for the correspondent bank. Ensure that it is correct and matches the expected format.
  Check Configuration: Go to the relevant configuration settings in SAP to ensure that the bank key is properly set up. This can typically be found in the Financial Accounting (FI) module under the bank master data settings.
  Create/Update Bank Master Data: If the bank key does not exist, you may need to create a new bank master record. Use transaction code FI01 to create a new bank or FI02 to update an existing one.
  Consult Documentation: Review any relevant documentation or guidelines for setting up correspondent banks in your organization’s SAP system.
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting SAP notes for further assistance.
  
  Related Information:
  
  Transaction Codes: 
  
  FI01: Create Bank Master Record
  FI02: Change Bank Master Record
  FI03: Display Bank Master Record
  
  
  Bank Master Data: Ensure that all necessary fields are filled out correctly in the bank master data, including the bank key, bank name, and address.
  SAP Notes: Check SAP Notes for any known issues or patches related to bank master data and correspondent banks.
  Documentation: Refer to SAP Help documentation for detailed instructions on managing bank master data.
  
  By following these steps, you should be able to resolve the error message FAP_BANK_CHAIN_MSG023 and ensure that the bank key for the correspondent bank is valid and correctly configured in your SAP system.