How To Fix VKKICDA005 - Bank details not available; creation is not permitted

VKKICDA005 - Overview

• Message type: E = Error

• Message class: VKKICDA - Messages for the ICDA Service

• Message number: 005

• Message text: Bank details not available; creation is not permitted

What causes this issue?

You have attempted to create or change an <LS>InsuranceCollection
DisbursementAgreement</>. While doing so, you tried to create bank
details for business partner &V1& because no bank details were stored
for this business partner for the bank data that was transferred.
The system attemped to create bank details for business partner &V1&.
However, creation is not permitted because the
<DS:DE.ICDA_XPARTNEREDIT_VK>Partner Processing</> indicator has not been
set in posting area V360 (Customizing activity
<DS:SIMG._ISISFICA_VKKICDA1>Set up Master Data Handling</>).
You have used the following values to call up posting area V360.
System: &V2&
Contract Type / Contract Subtype: &V3&
External Insurance Object Category: &V4&

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?

Store bank details for the bank data transferred for business partner
&V1&.
In Customizing activity <DS:SIMG._ISISFICA_VKKICDA1>Set up Master Data
Handling</>, set the <LS>Partner Processing</> indicator. If this
indicator is set, the system automatically creates bank details for the
business partner, if the system could not find the corresponding bank
details.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

VKKICDA005 - Details

• The SAP error message VKKICDA005 indicates that bank details are not available for a customer or vendor, and as a result, the creation of bank details is not permitted. This error typically occurs in the context of financial transactions, particularly when dealing with customer or vendor master data.
  
  Cause:
  
  Missing Bank Details: The primary cause of this error is that the system does not have any bank details associated with the customer or vendor account you are trying to work with.
  Authorization Issues: The user may not have the necessary permissions to create or modify bank details.
  Configuration Settings: There may be specific configuration settings in the SAP system that restrict the creation of bank details under certain conditions.
  Data Inconsistencies: There could be inconsistencies or missing data in the customer or vendor master records.
  
  
  Solution:
  
  Check Existing Bank Details: Verify if there are any existing bank details for the customer or vendor. You can do this