How To Fix IBRO201 - Business partner &1 is not a broker, no broker contract exists for it

IBRO201 - Overview

• Message type: E = Error

• Message class: IBRO - Broker Collections Message Class

• Message number: 201

• Message text: Business partner &1 is not a broker, no broker contract exists for it

Self-Explanatory Message

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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 IBRO201 - Business partner &1 is not a broker, no broker contract exists for it ?

  The SAP error message IBRO201 indicates that the business partner specified in the transaction is not recognized as a broker, and there is no broker contract associated with that business partner. This error typically occurs in the context of SAP's Insurance or Financial Services modules, where brokers play a crucial role in managing contracts and transactions.
  
  Cause:
  
  Business Partner Configuration: The business partner (BP) may not be set up correctly as a broker in the system. This could be due to missing or incorrect data in the business partner master record.
  Broker Contract: There may not be an active broker contract associated with the business partner. This could happen if the contract has not been created, has expired, or has been deleted.
  Incorrect Business Partner: The business partner number entered may be incorrect or may not correspond to a broker.
  
  
  Solution:
  
  
  Check Business Partner Configuration:
  
  Go to the transaction code BP (Business Partner) and search for the