How To Fix FTR_LC073 - BP role of &1 does not belong to bank or counterparty

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_LC - Message class for Letter of Credit

• Message number: 073

• Message text: BP role of &1 does not belong to bank or counterparty

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC073 - BP role of &1 does not belong to bank or counterparty ?

  The SAP error message FTR_LC073 indicates that the business partner (BP) role specified does not belong to the bank or counterparty in the context of financial transactions. This error typically arises in the context of financial instruments, treasury management, or when dealing with business partner roles in SAP.
  Cause:
  
  
  Incorrect Business Partner Role Assignment: The business partner may not have the correct role assigned that is required for the transaction you are trying to perform. For example, if you are trying to execute a transaction that requires a bank role, but the business partner is not set up with that role, you will encounter this error.
  
  
  Missing Configuration: The configuration for the business partner roles may not be set up correctly in the system. This could include missing roles for banks or counterparties.
  
  
  Data Inconsistency: There may be inconsistencies in the data where the business partner is not properly linked to the required roles in the system.
  
  
  Solution:
  
  
  Check Business Partner Roles:
  
  Go to the Business Partner transaction (BP) in SAP.
  Enter the business partner number that is causing the error.
  Check the roles assigned to the business partner. Ensure that the necessary roles (e.g., bank, counterparty) are assigned.
  
  
  
  Assign Missing Roles:
  
  If the required role is missing, you can assign it by editing the business partner and adding the necessary role.
  Make sure to save the changes.
  
  
  
  Verify Configuration:
  
  Check the configuration settings for business partner roles in the SAP system. Ensure that the roles for banks and counterparties are correctly defined and activated.
  
  
  
  Data Consistency Check:
  
  Run any relevant data consistency checks or reports to ensure that there are no discrepancies in the business partner data.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on business partner roles and their configuration.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like BP (Business Partner) to manage business partner roles.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Authorization: Ensure that you have the necessary authorizations to view and edit business partner roles.
  SAP Community: Engage with the SAP Community forums for additional insights or similar issues faced by other users.
  
  By following these steps, you should be able to resolve the FTR_LC073 error and ensure that the business partner is correctly configured for the required financial transactions.