How To Fix FTR_TF001 - To enter nominated bank, you must select parameter PAYMENT_BANK as true

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TF - Message Class for Trade Finance

• Message number: 001

• Message text: To enter nominated bank, you must select parameter PAYMENT_BANK as true

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TF001 - To enter nominated bank, you must select parameter PAYMENT_BANK as true ?

  The SAP error message FTR_TF001 indicates that when trying to enter a nominated bank for a transaction, the system requires that the parameter PAYMENT_BANK be set to true. This error typically occurs in the context of financial transactions, particularly in Treasury and Risk Management modules.
  Cause:
  The error arises because the system is configured to require a nominated bank for certain transactions, but the necessary parameter to allow this functionality is not activated. Specifically, the PAYMENT_BANK parameter must be set to true in the configuration settings.
  Solution:
  To resolve this error, you need to follow these steps:
  
  
  Access Configuration Settings:
  
  Go to the SAP Easy Access screen.
  Navigate to the configuration settings for Treasury and Risk Management. This is usually found under the path: 
  SPRO -> SAP Reference IMG -> Financial Supply Chain Management -> Treasury and Risk Management -> Transaction Manager -> Settings for Transaction Manager
  
  
  
  
  Locate the Parameter:
  
  Look for the parameter settings related to payment banks. This may be under a section that deals with transaction settings or payment processing.
  
  
  
  Set the Parameter:
  
  Find the PAYMENT_BANK parameter and ensure it is set to true (activated). This may involve checking a checkbox or changing a setting in a configuration table.
  
  
  
  Save Changes:
  
  After making the necessary changes, save your configuration.
  
  
  
  Test the Transaction:
  
  Go back to the transaction that was causing the error and try to enter the nominated bank again. The error should no longer appear if the parameter has been set correctly.
  
  
  
  Related Information:
  
  User Authorization: Ensure that you have the necessary authorization to make changes to configuration settings in SAP.
  Documentation: Refer to SAP documentation or help files for more detailed instructions on navigating the configuration settings.
  Transport Requests: If you are working in a development environment, remember to transport your changes to the production environment using transport requests.
  Consult with SAP Basis or Functional Team: If you are unsure about making these changes, it may be beneficial to consult with your SAP Basis or functional team for assistance.
  
  By following these steps, you should be able to resolve the FTR_TF001 error and successfully enter a nominated bank in your SAP transactions.