Netting cycle & & & already exists.

What causes this issue?

<GL:netting cycle>Netting cycle</> &V3& and related selection criteria
have already been defined for exchange partner &V1& and company code
&V2&.

System Response

Error message

How to fix this error?

This netting cycle may be deleted to enable a new netting cycle and
selection criteria to be stored for this exchange partner and company
code.

Error message extract from SAP system. Copyright SAP SE.