How To Fix VKKICDR016 - Bank key for country &1 and SWIFT code &2 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: VKKICDR - Message for ICDR service

• Message number: 016

• Message text: Bank key for country &1 and SWIFT code &2 does not exist

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 VKKICDR016 - Bank key for country &1 and SWIFT code &2 does not exist ?

  The SAP error message VKKICDR016 indicates that there is an issue with the bank key configuration for a specific country and SWIFT code in the SAP system. This error typically arises when the system is unable to find a valid bank key associated with the provided SWIFT code for the specified country.
  Cause:
  
  Missing Bank Key: The bank key for the specified country and SWIFT code has not been defined in the system.
  Incorrect SWIFT Code: The SWIFT code entered may be incorrect or not formatted properly.
  Country Configuration: The country code may not be correctly configured in the system.
  Data Inconsistency: There may be inconsistencies in the master data related to banks.
  
  Solution:
  To resolve the VKKICDR016 error, you can follow these steps:
  
  
  Check Bank Key Configuration:
  
  Go to the transaction code OB52 or FI12 (depending on your version) to check the bank key configuration.
  Ensure that the bank key for the specified country and SWIFT code is correctly defined.
  
  
  
  Verify SWIFT Code:
  
  Double-check the SWIFT code you are using. Ensure it is accurate and corresponds to the correct bank.
  
  
  
  Maintain Bank Master Data:
  
  Use transaction code FI01 (Create Bank) or FI02 (Change Bank) to create or update the bank master data.
  Ensure that the bank key, SWIFT code, and country code are correctly entered.
  
  
  
  Check Country Configuration:
  
  Ensure that the country code is correctly set up in the system. You can check this in the configuration settings for the country.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or your organization's internal guidelines for maintaining bank master data.
  
  
  
  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: Familiarize yourself with relevant transaction codes such as FI01, FI02, OB52, and others related to bank master data management.
  Bank Master Data: Understanding how bank master data is structured in SAP can help in troubleshooting similar issues in the future.
  SAP Notes: Check for any SAP Notes related to bank key configuration and SWIFT codes, as there may be updates or patches that address known issues.
  
  By following these steps, you should be able to identify and resolve the issue causing the VKKICDR016 error in your SAP system.