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ISO 15022
Data Field Dictionary

MT507: (14) Field 24B: Reason Code

FORMAT

Option B :4!c/[8c]/4!c (Qualifier)(Data Source Scheme)(Reason Code)

PRESENCE

Optional in mandatory sequence A

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

REJT

N

 

B

Rejection Reason

 

or

CAND

N

 

B

Cancellation Reason

 

or

DEND

N

 

B

Denied Reason

DEFINITION

This qualified generic field specifies:

CAND

Cancellation Reason

Specifies the reason why the related instruction is cancelled, or the related cancellation request is executed.

DEND

Denied Reason

Specifies the reason why the request was denied.

REJT

Rejection Reason

Specifies the reason why the instruction/request has a rejected status.

CODES

If Qualifier is REJT and Data Source Scheme is not present, Reason Code must contain one of the following codes:

CONL

Concentration Limit Exceeded

Concentration limit was exceeded.

CPTY

Unknown Deal/Exposure

Deal or exposure is unknown.

DISC

Disagree with Call Amount

Party A does not agree with the call amount.

DISE

Disagree with Exposure Amount

Party A does not agree with the exposure amount.

ICOL

Insufficient Collateral

Insufficient collateral proposed.

NARR

Narrative

See narrative field for reason.

ULNK

Unknown

Linked reference is unknown.

CODES

If Qualifier is CAND and Data Source Scheme is not present, Reason Code must contain one of the following codes:

CANI

Cancelled By Yourselves

Instruction has been cancelled as per your request.

CANS

Cancelled By System

Instruction has been cancelled by the system.

NARR

Narrative

See narrative field for reason.

CODES

If Qualifier is DEND and Data Source Scheme is not present, Reason Code must contain one of the following codes:

DCAN

Denied Since Cancelled

Request was denied since the instruction has been cancelled.

DPRG

Denied Since In Progress

Request was denied because the instruction execution is in progress.

NARR

Narrative

See narrative field for reason.