How To Fix /PF1/MSG_CONV588 - Error getting bank key from Sender SWIFT Code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: /PF1/MSG_CONV -

• Message number: 588

• Message text: Error getting bank key from Sender SWIFT Code &1

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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 /PF1/MSG_CONV588 - Error getting bank key from Sender SWIFT Code &1 ?

  The SAP error message /PF1/MSG_CONV588 indicates that there is an issue with retrieving the bank key associated with a given Sender SWIFT Code. This error typically arises in the context of financial transactions or when processing payment information in SAP systems.
  Cause:
  
  Missing Configuration: The Sender SWIFT Code may not be properly configured in the SAP system. This could mean that the SWIFT code is not linked to a valid bank key in the system.
  Incorrect SWIFT Code: The SWIFT code provided may be incorrect or not recognized by the system.
  Data Inconsistency: There may be inconsistencies in the master data related to banks or payment methods.
  Authorization Issues: The user may not have the necessary authorizations to access the bank key information.
  
  Solution:
  
  
  Check SWIFT Code Configuration:
  
  Navigate to the relevant configuration settings in SAP (usually under Financial Accounting or Bank Accounting).
  Verify that the SWIFT code is correctly entered and linked to the appropriate bank key.
  
  
  
  Validate SWIFT Code:
  
  Ensure that the SWIFT code being used is correct. You can cross-check it with official SWIFT directories or the bank's documentation.
  
  
  
  Review Master Data:
  
  Check the master data for the bank in question. Ensure that all necessary fields are filled out correctly, including the bank key and SWIFT code.
  
  
  
  Authorization Check:
  
  Ensure that the user encountering the error has the necessary permissions to access the bank key information. This may involve checking user roles and authorizations in the SAP system.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or support notes related to bank configuration and SWIFT code handling for additional guidance.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support or your internal SAP support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OBPM1 (for bank master data) or OB52 (for posting periods) to check configurations.
  SAP Notes: Look for relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  Testing: After making any changes, perform tests to ensure that the error is resolved and that transactions can be processed without issues.
  
  By following these steps, you should be able to identify and resolve the cause of the /PF1/MSG_CONV588 error in your SAP system.