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
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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 Changes in Nominated Banks: The list of nominated banks may have changed, and the transaction is still referencing an outdated bank.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
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