How To Fix /PF1/MSG_RP_E098 - Specified BIC for clearing partner account is not valid

SAP Error Message - Details

• Message type: E = Error

• Message class: /PF1/MSG_RP_E -

• Message number: 098

• Message text: Specified BIC for clearing partner account is not valid

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PF1/MSG_RP_E098 - Specified BIC for clearing partner account is not valid ?

  The SAP error message /PF1/MSG_RP_E098 indicates that the specified Business Identifier Code (BIC) for a clearing partner account is not valid. This error typically arises in the context of financial transactions, particularly when dealing with bank accounts and payment processing.
  Cause:
  
  Invalid BIC: The BIC entered for the clearing partner account does not exist in the system or is incorrectly formatted.
  Missing Configuration: The BIC may not be configured in the relevant master data (e.g., bank master data).
  Incorrect Clearing Partner: The clearing partner account may not be correctly set up or linked to the specified BIC.
  Data Entry Error: There may be typographical errors in the BIC or related account information.
  
  Solution:
  
  Verify BIC: Check the BIC entered for accuracy. Ensure that it follows the correct format (typically 8 or 11 characters).
  Check Bank Master Data: Go to the bank master data in SAP and verify that the BIC is correctly configured for the clearing partner account.
  
  Transaction code: FI01 (Create Bank Master Data) or FI02 (Change Bank Master Data).
  
  
  Update Clearing Partner Configuration: Ensure that the clearing partner account is correctly set up in the system and linked to the appropriate BIC.
  Consult with Bank: If the BIC is supposed to be valid, consult with the bank to ensure that the BIC is still active and correctly associated with the account.
  SAP Notes and Documentation: Check for any relevant SAP Notes or documentation that may provide additional insights or updates regarding this error.
  
  Related Information:
  
  BIC (Business Identifier Code): A standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO). It is used to uniquely identify banks and financial institutions globally.
  Clearing Partner Account: This refers to the account used for clearing transactions between different financial entities.
  SAP Financial Modules: This error is often encountered in modules related to Financial Accounting (FI) and Treasury Management (TR).
  
  If the issue persists after following these steps, it may be beneficial to involve your SAP support team or consult with SAP support for further assistance.