How To Fix FTR0278 - Specify an internal correspondence type for conversion

FTR0278 - Overview

• Message type: E = Error

• Message class: FTR0 - Treasury: Financial Transaction

• Message number: 278

• Message text: Specify an internal correspondence type for conversion

What causes this issue?

The old correspondence function dealt with all the correspondence types
in the securities area as internal correspondence types. It is
absolutely necessary, therefore, to convert to an internal
correspondence type.
Enter a new correspondence type in Customizing, if required.

Error message extract from SAP system. Copyright SAP SE.

FTR0278 - Details

• The SAP error message FTR0278 ("Specify an internal correspondence type for conversion") typically occurs in the context of financial transactions, particularly when dealing with the conversion of financial instruments or transactions in the SAP Treasury and Risk Management module.
  
  Cause:
  The error arises when the system expects an internal correspondence type to be specified for a conversion process, but it is either missing or not properly configured. This can happen due to:
  
  Missing Configuration: The internal correspondence type has not been defined in the system.
  Incorrect Transaction Data: The transaction data being processed does not include the necessary correspondence type.
  System Settings: The settings for the financial instruments or transactions may not be correctly set up to handle conversions.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for Treasury and Risk Management.
  Ensure that the internal correspondence types are defined correctly. You can do this by navigating to the relevant