How To Fix ID_FICN010 - Enter rate &1 / &2 rate type &3 for &4 in the system settings

SAP Error Message - Details

• Message type: E = Error

• Message class: ID_FICN -

• Message number: 010

• Message text: Enter rate &1 / &2 rate type &3 for &4 in the system settings

What causes this issue?

For the conversion of an amount into another currency, an entry is
missing in the currency conversion table.

How to fix this error?

Add the missing entry in the currency conversion table.

<DS:TRAN.OB08>Execute function</>
ENDIF
You can then continue to process the commercial transaction.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message ID_FICN010 - Enter rate &1 / &2 rate type &3 for &4 in the system settings ?

  The SAP error message ID_FICN010 typically indicates that there is a missing or incorrect configuration related to currency exchange rates in the system settings. This error often arises when the system is unable to find the required exchange rate for a specific currency pair and rate type.
  Cause:
  
  Missing Exchange Rate: The specified exchange rate for the currency pair and rate type does not exist in the system.
  Incorrect Configuration: The rate type specified may not be properly configured or may not be valid for the currencies involved.
  Date Issues: The exchange rate may not be valid for the date of the transaction being processed.
  System Settings: The system settings for currency conversion may not be properly maintained.
  
  Solution:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates).
  Verify if the exchange rate for the specified currency pair (from &1 to &2) and rate type (&3) exists.
  If it does not exist, you will need to enter the correct exchange rate.
  
  
  
  Verify Rate Type:
  
  Ensure that the rate type specified in the error message is valid and configured correctly in the system.
  You can check the configuration of rate types in the transaction code OB07.
  
  
  
  Check Validity Dates:
  
  Ensure that the exchange rate is valid for the date of the transaction. If the transaction date is outside the validity period of the exchange rate, you will need to update or add the exchange rate for the required date.
  
  
  
  Review System Settings:
  
  Check the overall configuration for currency settings in your SAP system to ensure that everything is set up correctly.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configurations, refer to SAP documentation or consult with your SAP Basis or Finance team for assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OB07: Maintain Exchange Rate Types
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency exchange rates.
  User Roles: Ensure that you have the necessary authorizations to maintain exchange rates and configurations in the system.
  
  By following these steps, you should be able to resolve the ID_FICN010 error and ensure that the necessary exchange rates are correctly configured in your SAP system.