How To Fix GMBAPI070 - Provided letter of credit &1 is not maintained in the sponsor &2

GMBAPI070 - Overview

• Message type: E = Error

• Message class: GMBAPI - Messages for BAPI in Grants Management

• Message number: 070

• Message text: Provided letter of credit &1 is not maintained in the sponsor &2

What causes this issue?

The specified letter of credit is not maintained in the sponsor. The
field default_control-letter_of_credit is set.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

If the flag for default control is set, the letter of credit should be
one of those defaulted from the sponsor.
Either maintain the letter of credit in the sponsor master or remove the
default control flag (making the default_control-letter_of_credit
initial).

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GMBAPI070 - Provided letter of credit &1 is not maintained in the sponsor &2 ?

  The SAP error message GMBAPI070 indicates that there is an issue with a letter of credit (LoC) that is not properly maintained in the system for a specific sponsor. This error typically arises in the context of financial transactions involving letters of credit, which are often used in international trade and finance.
  
  Cause:
  The error message is triggered when:
  
  The letter of credit specified (denoted by &1) is not found or not properly configured in the system for the specified sponsor (denoted by &2).
  There may be missing or incorrect data in the configuration of the letter of credit or the sponsor.
  The letter of credit may not have been created or activated in the system.
  There could be authorization issues preventing access to the letter of credit.
  
  
  Solution:
  To resolve the GMBAPI070 error, you can take the following steps:
  
  
  Check Letter of Credit Configuration:
  
  Navigate to the relevant transaction in SAP where letters of credit are maintained (e.g., transaction