How To Fix FTR0321 - Correspondence type &1 is not permitted (see long text)

FTR0321 - Overview

• Message type: E = Error

• Message class: FTR0 - Treasury: Financial Transaction

• Message number: 321

• Message text: Correspondence type &1 is not permitted (see long text)

What causes this issue?

No business partner was assigned to the role &V2& (equivalent to
correspondence type &V1&)

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

First assign a business partner. Then create a planned record.

Procedure for System Administrators

Note: When maintaining standing instructions correspondence for
correspondence type &V1& the planned record is created automatically.
If you are unable to assign a business partner to the role &V2&, check
that your Customizing settings for the partner object relationship are
correct.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR0321 - Correspondence type &1 is not permitted (see long text) ?

  The SAP error message FTR0321 indicates that a specific correspondence type is not permitted in the context of the transaction or operation you are trying to perform. This error typically arises in the context of financial transactions, particularly in the area of treasury and risk management.
  
  Cause:
  The error can occur due to several reasons:
  
  
  Configuration Issues: The correspondence type you are trying to use may not be configured correctly in the system. This could be due to missing entries in the customizing settings.
  Authorization Issues: The user may not have the necessary authorizations to use the specified correspondence type.
  Incorrect Data Entry: The correspondence type may have been entered incorrectly or may not exist in the system.
  Business Rules: Certain business rules or conditions may restrict the use of specific correspondence types for certain transactions.
  
  
  Solution:
  To resolve the FTR0321 error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the customizing settings in SAP (transaction SPRO).
  Navigate to