How To Fix T1126 - Currency entered does not correspond to the reference interest rate (&)

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 126

• Message text: Currency entered does not correspond to the reference interest rate (&)

What causes this issue?

The currency defined for the reference interest rate is not the
currency of the transaction.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Check your entries.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T1126 - Currency entered does not correspond to the reference interest rate (&) ?

  The SAP error message T1126 indicates that there is a mismatch between the currency you are trying to use and the reference interest rate that is set up in the system. This typically occurs in financial transactions where interest rates are involved, such as in loan processing, financial contracts, or other financial instruments.
  Cause:
  
  Currency Mismatch: The currency you are entering does not match the currency for which the reference interest rate is defined in the system.
  Missing Interest Rate: The reference interest rate for the specified currency may not be maintained in the system.
  Configuration Issues: There may be configuration issues in the interest rate settings or in the currency settings in the financial module.
  Data Entry Error: There could be a simple data entry error where the wrong currency code was entered.
  
  Solution:
  
  Check Currency: Verify that the currency you are entering is correct and corresponds to the reference interest rate you intend to use.
  Maintain Interest Rates: Ensure that the reference interest rate for the specified currency is maintained in the system. This can typically be done in the configuration settings under Financial Accounting (FI) or Treasury Management (TR).
  Review Configuration: Check the configuration settings for interest rates and currencies in the SAP system. Make sure that all necessary settings are correctly configured.
  Consult Documentation: Refer to SAP documentation or help resources for specific instructions on how to maintain interest rates and currencies.
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  Transaction Codes: You may need to use specific transaction codes to access the interest rate settings, such as:
  
  OB08: Maintain exchange rates
  OBB8: Maintain interest rates
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles: Ensure that you have the necessary permissions to view and edit interest rate settings in the SAP system.
  
  By following these steps, you should be able to resolve the T1126 error and ensure that the correct currency and interest rates are being used in your financial transactions.