How To Fix /PM0/ABP_CURR_CONV011 - &1: Risk currency can only be transferred for multi-currency policies

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABP_CURR_CONV -

• Message number: 011

• Message text: &1: Risk currency can only be transferred for multi-currency policies

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 /PM0/ABP_CURR_CONV011 - &1: Risk currency can only be transferred for multi-currency policies ?

  The SAP error message /PM0/ABP_CURR_CONV011 &1: Risk currency can only be transferred for multi-currency policies typically occurs in the context of insurance or financial modules within SAP, particularly when dealing with policies that involve currency conversion.
  Cause:
  This error indicates that there is an attempt to transfer a risk currency for a policy that is not set up as a multi-currency policy. In SAP, multi-currency policies allow for transactions and calculations to be performed in different currencies, while single-currency policies do not support this functionality. The error arises when the system detects that the policy in question is not configured to handle multiple currencies, yet an operation is being attempted that requires it to do so.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Policy Configuration: Verify the configuration of the policy in question. Ensure that it is set up as a multi-currency policy if you intend to transfer risk currency. This may involve checking the policy type and its settings in the SAP system.
  
  
  Adjust Currency Settings: If the policy should indeed be a multi-currency policy, you may need to adjust the settings in the policy master data. This can typically be done in the policy management module of SAP.
  
  
  Review Transaction Data: Ensure that the transaction you are trying to perform is appropriate for the policy type. If the policy is meant to be single-currency, you may need to adjust your approach to avoid transferring risk currency.
  
  
  Consult Documentation: Refer to SAP documentation or help resources specific to your version of SAP and the module you are using. This can provide additional insights into the configuration and requirements for multi-currency policies.
  
  
  Contact Support: If you are unable to resolve the issue through the above steps, consider reaching out to your SAP support team or consulting with an SAP expert who can provide guidance based on your specific system configuration and business processes.
  
  
  Related Information:
  
  Multi-Currency Policies: Understand the implications and configurations required for multi-currency policies in your SAP system.
  SAP Notes: Check for any relevant SAP Notes that may address this error or provide additional context or fixes.
  User Roles and Permissions: Ensure that you have the necessary permissions to make changes to policy configurations, as this may be restricted based on user roles.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.