How To Fix ICL_MI014 - Currency &1 does not exist (distribution plan &2)

ICL_MI014 - Overview

• Message type: E = Error

• Message class: ICL_MI - Multiple Insurance

• Message number: 014

• Message text: Currency &1 does not exist (distribution plan &2)

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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ICL_MI014 - Details

• The SAP error message ICL_MI014 indicates that there is an issue with a currency that is not recognized in the context of a distribution plan. This error typically arises in the context of SAP's Industry Solution for Insurance (ICL) when dealing with financial transactions or planning that involves currency conversion or currency-specific calculations.
  
  Cause:
  
  Missing Currency Configuration: The currency specified in the distribution plan does not exist in the system. This could be due to the currency not being defined in the system or not being activated for the relevant company code or controlling area.
  Incorrect Currency Code: There may be a typo or incorrect currency code being used in the distribution plan.
  Inactive Currency: The currency might be inactive or not available for the specific transaction type or period.
  Master Data Issues: The master data related to the distribution plan may not be correctly set up, leading to the system not recognizing the currency.
  
  
  Solution:
  
  
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