How To Fix FTR_LC074 - Presentation bank &1 is not one of the following nominated banks

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 074

• Message text: Presentation bank &1 is not one of the following nominated banks

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC074 - Presentation bank &1 is not one of the following nominated banks ?

  The SAP error message FTR_LC074 indicates that the presentation bank specified in a transaction is not among the nominated banks for that particular letter of credit (LC) or financial transaction. This error typically arises in the context of financial transactions involving letters of credit, where specific banks are designated for handling the transaction.
  Cause:
  
  Incorrect Bank Entry: The bank specified in the transaction does not match any of the banks that have been nominated for the letter of credit.
  Configuration Issues: The nominated banks may not have been properly configured in the system for the specific letter of credit.
  Data Entry Errors: There may be typographical errors in the bank code or name entered in the transaction.
  Changes in Nominated Banks: The list of nominated banks may have changed, and the transaction is still referencing an outdated bank.
  
  Solution:
  
  Verify Bank Code: Check the bank code or name entered in the transaction to ensure it is correct and matches the nominated banks.
  Check Nominated Banks: Review the configuration of the letter of credit to confirm which banks are nominated. This can typically be done in the relevant transaction or configuration settings in SAP.
  Update Nominated Banks: If the bank needs to be added as a nominated bank, you may need to update the letter of credit configuration to include the bank.
  Consult Documentation: Refer to the SAP documentation or help files for specific instructions on how to manage nominated banks for letters of credit.
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting with a functional consultant who specializes in financial transactions.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FTR_EDIT for editing financial transactions or FTR_CREATE for creating new transactions.
  Configuration Settings: Understanding the configuration settings for letters of credit in SAP can help prevent this error in the future.
  User Roles and Permissions: Ensure that the user has the necessary permissions to view and edit the nominated banks and letters of credit.
  
  By following these steps, you should be able to resolve the error and ensure that the correct banks are nominated for your financial transactions.