How To Fix PM010 - Compare swift-code bank &1 from Bk group &2 with intermediary bank 1 &3

SAP Error Message - Details

• Message type: E = Error

• Message class: PM - Extended Payment Functions

• Message number: 010

• Message text: Compare swift-code bank &1 from Bk group &2 with intermediary bank 1 &3

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PM010 - Compare swift-code bank &1 from Bk group &2 with intermediary bank 1 &3 ?

  The SAP error message PM010 indicates a mismatch between the SWIFT code of a bank and the intermediary bank in a payment processing scenario. This error typically arises in the context of payment processing in SAP, particularly when dealing with international payments that involve intermediary banks.
  Cause:
  The error message PM010 is triggered when the SWIFT code of the specified bank (bank &1) does not match the expected SWIFT code for the intermediary bank (intermediary bank 1 &3) associated with the bank group (bank group &2). This can occur due to several reasons:
  
  Incorrect Configuration: The bank master data may not be correctly configured in the SAP system, leading to discrepancies in the SWIFT codes.
  Data Entry Errors: Manual entry errors when inputting bank details can lead to mismatches.
  Changes in Bank Information: If the intermediary bank has changed its SWIFT code and the SAP system has not been updated accordingly, this error can occur.
  Bank Group Misconfiguration: The bank group settings may not be aligned with the actual banks being used for transactions.
  
  Solution:
  To resolve the PM010 error, you can follow these steps:
  
  
  Verify Bank Master Data:
  
  Go to the transaction code FI01 (Create Bank) or FI02 (Change Bank) in SAP.
  Check the SWIFT code for the bank (bank &1) and the intermediary bank (intermediary bank 1 &3).
  Ensure that the SWIFT codes are correctly entered and match the expected values.
  
  
  
  Check Bank Group Configuration:
  
  Review the configuration of the bank group (bank group &2) to ensure that it is set up correctly.
  Make sure that the intermediary bank is correctly assigned to the bank group.
  
  
  
  Update Information:
  
  If there have been changes to the SWIFT codes, update the bank master data in SAP to reflect the current information.
  Ensure that all relevant users are informed of any changes to bank details.
  
  
  
  Test Payment Processing:
  
  After making the necessary corrections, test the payment processing again to ensure that the error has been resolved.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or consult with your SAP support team for any specific configurations or settings that may be relevant to your organization.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FI01, FI02, FBZP (Payment Program Configuration), and OBPM1 (Payment Methods in Country).
  Bank Master Data: Understanding how bank master data is structured in SAP is crucial for troubleshooting payment-related issues.
  Intermediary Banks: Be aware of how intermediary banks function in international payments and the role they play in the payment process.
  
  By following these steps and ensuring that your bank configurations are accurate, you should be able to resolve the PM010 error effectively.