How To Fix PM005 - Compare Swift code current house bank &1 with intermediary bank 1 &2

SAP Error Message - Details

• Message type: E = Error

• Message class: PM - Extended Payment Functions

• Message number: 005

• Message text: Compare Swift code current house bank &1 with intermediary bank 1 &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PM005 - Compare Swift code current house bank &1 with intermediary bank 1 &2 ?

  The SAP error message PM005 indicates a discrepancy between the Swift code of the current house bank and the intermediary bank in a payment transaction. This error typically arises in the context of payment processing, particularly when dealing with international payments that involve intermediary banks.
  Cause:
  
  Mismatch in Swift Codes: The Swift code for the house bank (the bank from which the payment is being made) does not match the Swift code for the intermediary bank (the bank that facilitates the payment).
  Configuration Issues: There may be incorrect or incomplete configuration in the bank master data for either the house bank or the intermediary bank.
  Data Entry Errors: Manual entry errors when inputting bank details can lead to discrepancies in the Swift codes.
  Changes in Bank Details: If there have been recent changes to the bank details (e.g., a change in the intermediary bank's Swift code), these may not have been updated in the SAP system.
  
  Solution:
  
  
  Verify Bank Master Data:
  
  Check the configuration of the house bank and intermediary bank in the SAP system.
  Ensure that the Swift codes for both banks are correctly entered and match the official codes provided by the banks.
  
  
  
  Update Bank Details:
  
  If there are discrepancies, update the bank master data with the correct Swift codes.
  You can do this by navigating to the relevant transaction in SAP (e.g., transaction code FI12 for house banks).
  
  
  
  Check Payment Configuration:
  
  Review the payment method configuration to ensure that it is set up correctly for the transaction type you are processing.
  
  
  
  Test Payment Process:
  
  After making the necessary corrections, test the payment process again to ensure that the error does not reoccur.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on configuring house banks and intermediary banks.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  FI12: For maintaining house bank details.
  OBPM1: For payment method configuration.
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  
  
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to make changes to bank master data.
  
  
  Testing Environment: If possible, replicate the issue in a testing environment before making changes in the production system to avoid disruptions.
  
  
  By following these steps, you should be able to resolve the PM005 error and ensure that your payment processing runs smoothly.