How To Fix FTR0268 - No SWIFT code defined in company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR0 - Treasury: Financial Transaction

• Message number: 268

• Message text: No SWIFT code defined in company code &1

What causes this issue?

The SWIFT format cannot be generated because there is no data in table
TZBZ (= company code additional data) for company code &V1&.
The error can also occur for the same reason when generating an FTRCON
IDoc.

How to fix this error?

Enter the SWIFT code for company code &V1& in the company code
additional data in Customizing.
&NOTE&
The system requires the SWIFT code even if the company code is not
incorporated in the SWIFT system or has no SWIFT code allocated to it.
The following examples show how the system works:
When using FX-Match/CMS, Citibank allocates a SWIFT code [with special
branch code] to the customer.
If FTRCON IDocs are sent, the sender and the recipient should also use
a freely-definable 11-digit key, which is saved as the SWIFT code in
the company code additional data.
Note that this must not necessarily be a valid SWIFT code. It must
simply serve as a unique key.
<ZH>Background:</>
This code, or key, is made available by the sender in the field
BU_SWIFT of the IDoc segment E1FTRHEADER. This is important amongst
other things because the 4-digit company code (BUKRS) only serves as a
unique key in the SAP System. An IDoc recipient could receive messages
with an identical company code from different senders, such as "0001",
for example. This information would therefore not suffice as a
differentiating characteristic.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR0268 - No SWIFT code defined in company code &1 ?

  The SAP error message FTR0268, which states "No SWIFT code defined in company code &1," typically occurs in the context of financial transactions, particularly when dealing with payment processing or bank communication in the SAP system. This error indicates that the system is unable to find a SWIFT code associated with the specified company code, which is necessary for executing certain financial operations, especially those involving international transactions.
  Cause:
  
  Missing SWIFT Code: The primary cause of this error is that the SWIFT code has not been defined for the specified company code in the SAP system.
  Incorrect Configuration: The configuration settings for the bank master data may be incomplete or incorrect.
  Company Code Not Set Up: The company code may not be properly set up in the system, or it may not be linked to the appropriate bank details.
  
  Solution:
  To resolve the FTR0268 error, follow these steps:
  
  
  Define SWIFT Code:
  
  Navigate to the transaction code OBBN (or use the path: SPRO > Financial Accounting > Bank Accounting > Bank Master Data > Define Bank Key).
  Ensure that the SWIFT code is defined for the relevant bank account associated with the company code.
  If the SWIFT code is missing, you will need to add it.
  
  
  
  Check Bank Master Data:
  
  Use transaction code FI12 to access the bank master data.
  Verify that the bank details, including the SWIFT code, are correctly entered for the relevant company code.
  
  
  
  Review Company Code Settings:
  
  Ensure that the company code is correctly configured and linked to the appropriate bank accounts.
  Check if the company code is active and properly set up in the system.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct SWIFT code or how to configure it, refer to your organization's banking documentation or consult with your bank.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  SWIFT Code: A SWIFT code (Society for Worldwide Interbank Financial Telecommunication) is an international standard for identifying banks and financial institutions globally. It is essential for international wire transfers and other financial transactions.
  Bank Master Data: This includes all relevant information about banks that your organization interacts with, including bank keys, addresses, and communication details.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for managing bank data, such as FI12 for bank master data maintenance and OBBN for defining bank keys.
  
  If the issue persists after following these steps, it may be necessary to consult with your SAP support team or a technical consultant for further investigation.