How To Fix PM006 - Compare Swift code current house bank &1 with intermediary bank 2 &2

SAP Error Message - Details

• Message type: E = Error

• Message class: PM - Extended Payment Functions

• Message number: 006

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

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 PM006 - Compare Swift code current house bank &1 with intermediary bank 2 &2 ?

  The SAP error message PM006 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 (bank from which the payment is being made) does not match the expected Swift code for the intermediary bank (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 mismatches in Swift codes.
  Changes in Bank Details: If the intermediary bank has changed its Swift code and the system has not been updated, this error can occur.
  
  Solution:
  
  
  Verify Bank Master Data:
  
  Check the configuration of both the house bank and the intermediary bank in the SAP system.
  Ensure that the Swift codes are correctly entered and correspond to the actual codes used by the banks.
  
  
  
  Update Swift Codes:
  
  If there have been changes to the Swift codes, update the bank master data in SAP to reflect the current codes.
  
  
  
  Check Payment Configuration:
  
  Review the payment method configuration to ensure that the correct intermediary bank is being used for the transaction.
  
  
  
  Consult with Financial Institutions:
  
  If there is uncertainty about the correct Swift codes, consult with the respective banks to confirm the details.
  
  
  
  Test Payment Transactions:
  
  After making any changes, test the payment transaction again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like FI12 (for bank master data) or OBPM1 (for payment methods) to access and modify bank details.
  Documentation: Refer to SAP documentation or help files for detailed instructions on managing bank master data and payment configurations.
  Support: If the issue persists after checking the above points, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By following these steps, you should be able to resolve the PM006 error and ensure that your payment transactions are processed correctly.