SAP Message 1CO055 - Unable to find correspondence address for BP &1, Bank Area &2, Account &3

Diagnosis
You want to create a correspondence address for account &V3& belongingto the business partner &V1&. However, the correspondence address of thebusiness partner cannot be determined for the combination ofCorrespondence Role, Correspondence Type and Address Type.

System Response
The correspondence address will not be updated.

Procedure
Verify the address of the business partner, and confirm that thecombination of the correspondence role, the correspondence type, and theaddress type is valid.