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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR0278 - Specify an internal correspondence type for conversion ?

  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 configuration path in SPRO (SAP Project Reference Object).
  Look for the section related to "Financial Instruments" or "Correspondence" and verify that the necessary types are set up.
  
  
  
  Review Transaction Data:
  
  Check the transaction that is causing the error. Ensure that all required fields, including the internal correspondence type, are filled out correctly.
  If you are using a custom transaction or report, ensure that it is designed to include the necessary correspondence type.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to the specific financial instruments you are working with. This can provide insights into what correspondence types are required.
  
  
  
  Testing:
  
  After making any changes, test the transaction again to see if the error persists. If it does, further investigation may be needed.
  
  
  
  Seek Help from SAP Support:
  
  If you are unable to resolve the issue, consider reaching out to SAP support or consulting with an SAP expert who specializes in Treasury and Risk Management.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to Treasury and Risk Management, such as FTR_CREATE, FTR_EDIT, etc.
  SAP Notes: Check for any SAP Notes related to error FTR0278, as they may provide specific fixes or patches.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.