How To Fix T1321 - Currency &1 of market price must be identical with contract currency &2

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 321

• Message text: Currency &1 of market price must be identical with contract currency &2

What causes this issue?

The currency of the price from the market data must be identical with
the currency of the price per unit of the contract.

System Response

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?

Adjust the currency of the contract or the currency of the commodity
market data so that both currencies are identical.
If this adjustment is <ZH>not</> possible, calculate the cash settlement
amount (= price x quantity), navigate to transaction
<DS:TRAN.FTR_EDIT>Edit Financial Transaction</>, and enter the
calculated cash settlement amount.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T1321 - Currency &1 of market price must be identical with contract currency &2 ?

  The SAP error message T1321 indicates a mismatch between the currency of the market price and the currency of the contract in a transaction. This error typically occurs in the context of contract management, pricing, or procurement processes where currency consistency is crucial.
  Cause:
  The error arises when:
  
  The market price of a material or service is defined in a different currency than the currency specified in the contract.
  The system expects both currencies to be the same for proper processing and calculations.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Contract Currency:
  
  Navigate to the contract in question and verify the currency defined in the contract. This can usually be found in the header information of the contract.
  
  
  
  Check Market Price Currency:
  
  Review the market price settings for the material or service. Ensure that the currency used for the market price matches the currency of the contract.
  
  
  
  Adjust Market Price:
  
  If the market price is in a different currency, you may need to adjust it to match the contract currency. This can involve changing the market price in the relevant pricing conditions or master data.
  
  
  
  Currency Conversion:
  
  If it is necessary to maintain different currencies, consider using currency conversion techniques or settings in SAP to handle the differences appropriately.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific transaction codes or configuration settings that may be relevant to your situation.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, 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 transaction codes like ME33K (Display Contract), ME31K (Create Contract), or ME32K (Change Contract) to access and modify contract details.
  Configuration Settings: Check the configuration settings in SPRO related to purchasing and pricing to ensure that currency settings are correctly defined.
  Documentation: SAP Help Portal and community forums can provide additional insights and solutions from other users who may have encountered similar issues.
  
  By ensuring that the currencies are aligned, you should be able to resolve the T1321 error and proceed with your transaction.