How To Fix FTR0311 - No SWIFT code: Business partner &1 not defined as a bank

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR0 - Treasury: Financial Transaction

• Message number: 311

• Message text: No SWIFT code: Business partner &1 not defined as a bank

What causes this issue?

No bank data was defined for the business partner (bank country, bank
key). This bank data is used to read the SWIFT code for subsequent
processing.

How to fix this error?

In the business partner master data, link the partner to a bank country
and bank key (see <ZK>Identification as Bank</> section). Ensure that a
SWIFT code has been defined for the bank you enter.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR0311 - No SWIFT code: Business partner &1 not defined as a bank ?

  The SAP error message FTR0311 indicates that there is an issue with the configuration of a business partner in relation to SWIFT codes. Specifically, the error states that the business partner (identified by &1) is not defined as a bank, which is necessary for processing certain financial transactions that require SWIFT codes.
  Cause:
  
  Business Partner Not Defined as a Bank: The business partner in question has not been set up correctly in the system to be recognized as a bank.
  Missing SWIFT Code: The SWIFT code for the business partner is not maintained in the system.
  Incorrect Configuration: The business partner may not have the necessary roles or attributes assigned to it to be recognized as a bank.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Business Partner Configuration:
  
  Go to the transaction code BP (Business Partner).
  Search for the business partner identified in the error message.
  Ensure that the business partner is set up with the role of a bank (e.g., FLCU00 for customer, FLCU01 for vendor, etc.).
  
  
  
  Maintain SWIFT Code:
  
  In the business partner details, navigate to the Bank tab.
  Ensure that the SWIFT code is entered correctly for the bank account associated with the business partner.
  
  
  
  Assign Roles:
  
  Make sure that the business partner has the appropriate roles assigned that allow it to be recognized as a bank. This may include roles like Bank or Financial Institution.
  
  
  
  Check for Data Consistency:
  
  Ensure that all required fields are filled out correctly and that there are no inconsistencies in the data.
  
  
  
  Save Changes:
  
  After making the necessary changes, save the business partner configuration.
  
  
  
  Test the Transaction Again:
  
  After making the changes, try to execute the transaction that triggered the error again to see if the issue is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as BP for business partner maintenance and FSP0 for bank master data.
  Documentation: Refer to SAP documentation or help guides for detailed steps on maintaining business partners and bank details.
  Authorization: Ensure that you have the necessary authorizations to make changes to business partner data.
  
  If the issue persists after following these steps, it may be necessary to consult with your SAP support team or refer to SAP Notes for any known issues or patches related to this error message.