How To Fix /PM0/ABP_CBCPAYR_MSG043 - SWIFT code / BIC for bank details is required in &1 (&2)

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABP_CBCPAYR_MSG -

• Message number: 043

• Message text: SWIFT code / BIC for bank details is required in &1 (&2)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABP_CBCPAYR_MSG043 - SWIFT code / BIC for bank details is required in &1 (&2) ?

  The SAP error message /PM0/ABP_CBCPAYR_MSG043 indicates that a SWIFT code (or BIC - Bank Identifier Code) is required for the bank details in a specific context, which is represented by the placeholders &1 and &2. This error typically arises in the context of payment processing, particularly when dealing with international payments where a SWIFT code is necessary for identifying the bank.
  Cause:
  
  Missing SWIFT/BIC Code: The primary cause of this error is that the bank details for the specified entity (e.g., vendor, customer, or company code) do not include a SWIFT code or BIC.
  Configuration Issues: There may be issues with the configuration of the payment methods or bank details in the SAP system.
  Data Entry Errors: Incorrect or incomplete data entry when setting up bank details for a vendor or customer.
  
  Solution:
  
  
  Check Bank Details:
  
  Navigate to the relevant vendor or customer master data in SAP.
  Ensure that the SWIFT code/BIC is correctly entered in the bank details section.
  If the entity is a vendor, you can check this in transaction code XK03 (Display Vendor) or FK03 (Display Vendor - Accounting).
  For customers, use transaction code FD03 (Display Customer).
  
  
  
  Update Missing Information:
  
  If the SWIFT code is missing, you will need to update the bank details with the correct SWIFT code/BIC.
  Ensure that the SWIFT code is valid and corresponds to the bank where the account is held.
  
  
  
  Review Payment Configuration:
  
  Check the payment method configuration in transaction code FBZP (Payment Program Configuration) to ensure that the settings are correct and that they require a SWIFT code for the relevant payment methods.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct SWIFT code or how to enter it, consult your bank or financial institution for the correct information.
  
  
  
  Testing:
  
  After making the necessary updates, try to execute the payment process again to see if the error persists.
  
  
  
  Related Information:
  
  SWIFT Code/BIC: This is an international standard for identifying banks and financial institutions. It is essential for international wire transfers and other financial transactions.
  SAP Transactions: Familiarize yourself with relevant SAP transactions for managing vendor and customer data, as well as payment processing.
  User Roles and Authorizations: Ensure that you have the necessary permissions to edit bank details in the SAP system.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP Notes for any specific patches or updates related to this error message.