How To Fix /PF1/MSG_PO_EV124 - Receiving Institution with BIC & is not connected to the SWIFT network

SAP Error Message - Details

• Message type: E = Error

• Message class: /PF1/MSG_PO_EV -

• Message number: 124

• Message text: Receiving Institution with BIC & is not connected to the SWIFT network

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message /PF1/MSG_PO_EV124 - Receiving Institution with BIC & is not connected to the SWIFT network ?

  The SAP error message /PF1/MSG_PO_EV124 indicates that there is an issue with the receiving institution's Bank Identifier Code (BIC) in relation to the SWIFT network. This error typically arises in the context of financial transactions, particularly when dealing with payment processing or bank communication.
  Cause:
  
  Invalid BIC: The BIC provided for the receiving institution may be incorrect or not recognized.
  Not Connected to SWIFT: The receiving institution may not be a member of the SWIFT network, meaning it cannot process SWIFT messages.
  Configuration Issues: There may be configuration issues in the SAP system regarding the bank master data or the payment method settings.
  Inactive Bank: The bank associated with the BIC may be inactive or not set up correctly in the SAP system.
  
  Solution:
  
  Verify BIC: Check the BIC for accuracy. Ensure that it is correctly entered and corresponds to a valid financial institution.
  Check SWIFT Membership: Confirm whether the receiving institution is a member of the SWIFT network. You can do this by contacting the bank or checking the SWIFT directory.
  Update Bank Master Data: Ensure that the bank master data in SAP is correctly configured. This includes checking the bank's status, BIC, and other relevant details.
  Payment Method Configuration: Review the payment method settings in SAP to ensure they are correctly configured for the transaction type you are processing.
  Contact Support: If the issue persists, consider reaching out to SAP support or your internal IT team for further assistance.
  
  Related Information:
  
  SWIFT Network: The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a network that enables banks and financial institutions to send and receive information about financial transactions in a secure, standardized, and reliable environment.
  BIC (Bank Identifier Code): Also known as SWIFT code, it is used to identify banks and financial institutions globally.
  SAP Configuration: Ensure that your SAP system is properly configured for financial transactions, including settings for payment processing and bank communication.
  
  By addressing the above points, you should be able to resolve the error message and ensure successful processing of transactions involving the specified receiving institution.