How To Fix /PM0/ABP_CURR_CONV021 - &1: Local currency can only be transferred for multi-currency policies

/PM0/ABP_CURR_CONV021 - Overview

• Message type: E = Error

• Message class: /PM0/ABP_CURR_CONV -

• Message number: 021

• Message text: &1: Local 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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABP_CURR_CONV021 - &1: Local currency can only be transferred for multi-currency policies ?

  The SAP error message /PM0/ABP_CURR_CONV021 &1: Local currency can only be transferred for multi-currency policies typically occurs in the context of SAP's Policy Management or Financial Services modules, particularly when dealing with currency conversions for insurance policies or financial transactions.
  
  Cause:
  This error indicates that there is an attempt to transfer or process a local currency for a policy that is not set up as a multi-currency policy. In SAP, multi-currency policies allow for transactions in different currencies, while single-currency policies are restricted to a single currency. If you try to perform an operation that involves local currency on a policy that is not configured for multi-currency, this error will be triggered.
  
  Solution:
  To resolve this error, consider 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 use local currency transactions.
  You can check the policy settings in