How To Fix FTR_GUI704 - The rule is not defined for currency &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_GUI - TR Transaction Management

• Message number: 704

• Message text: The rule is not defined for currency &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_GUI704 - The rule is not defined for currency &1 ?

  The SAP error message FTR_GUI704 ("The rule is not defined for currency &1") typically occurs in the context of financial transactions, particularly in the area of treasury and risk management. This error indicates that there is a missing configuration for a specific currency in the rules defined for financial transactions.
  Cause:
  
  Missing Configuration: The error usually arises when there is no rule defined for the specified currency in the relevant configuration settings. This can happen if the currency is newly added or if the configuration was not properly set up.
  Incorrect Transaction Type: The transaction type being used may not have the necessary rules defined for the currency in question.
  Data Entry Error: There may be a mistake in the data entry where an incorrect currency code is used.
  
  Solution:
  
  
  Check Configuration:
  
  Navigate to the configuration settings for treasury and risk management in SAP.
  Ensure that the rules for the specific currency are defined. This can typically be found in the customizing settings under Financial Supply Chain Management > Treasury and Risk Management > Transaction Management > Define Rules.
  If the currency is not defined, you will need to create a new rule for that currency.
  
  
  
  Review Transaction Type:
  
  Verify that the transaction type you are using is correctly set up to handle the currency in question. You may need to adjust the settings for the transaction type to include the necessary rules.
  
  
  
  Data Validation:
  
  Double-check the data entry to ensure that the correct currency code is being used. If there is a typo or an incorrect code, correct it and try again.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring rules for currencies in your version of SAP.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue through configuration changes, consider reaching out to your SAP support team or consulting with an SAP expert who can provide assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help in navigating to the configuration settings, such as SPRO (SAP Project Reference Object) for customizing.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.