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ISO 15022
Data Field Dictionary

MT510: (12) Field 24B: Reason Code

FORMAT

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

PRESENCE

Mandatory in optional subsequence A2a

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

CAND

N

 

B

Cancellation Reason

 

or

DEND

N

 

B

Denied Reason

 

or

REJT

N

 

B

Rejection Reason

 

or

PACK

N

 

B

Acknowledged/Accepted 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.

PACK

Acknowledged/Accepted Reason

Specifies additional information about the processed instruction.

REJT

Rejection Reason

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

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.

CREG

Cancelled by Issuer/Registrar

Instruction has been cancelled by the issuer/registrar.

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 registration is in progress.

NARR

Narrative

See narrative field for reason.

CODES

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

ADEA

Account Servicer Deadline Missed

Instruction was received after the account servicer's deadline.

BPAR

Business Partner Number Rejection

Unrecognised or invalid Business Partner Number.

BREF

Bank Reference Number Rejection

Unrecognised or invalid Bank Reference Number.

DADR

Address Details Rejection

Address details are incorrect or can not be recognised, for example, unknown city.

DORD

Registration Request Data and Order Rejection

Disagreement between the data on the registration request and the order.

DQUA

Quantity Rejection

Unrecognised or invalid quantity of financial instrument.

DSEC

Financial Instrument Rejection

Unrecognised or invalid financial instrument identification.

LATE

Market Deadline Missed

Instruction was received after market deadline for the registration date specified.

MCER

Missing Certificate

Missing certificate.

MLEG

Missing Legal Power

Missing legal power for transfer.

NARR

Narrative

See narrative field for reason.

NRGN

Not Found

Cancellation has been rejected since the instruction could not be found.

OWNT

Type of Ownership Rejection

Type of ownership indicated is not correct.

REQM

Missing Registration Request

Registration request to be completed by the buyer and to be forwarded to the issuer is missing.

REQW

Wrong Registration Request

Registration request to be completed by the buyer and to be forwarded to the issuer is wrong. You have used the registration request of a different issuer/registrar.

RREA

Registration Reason Rejection

Registration reason indicated is not correct.

SAFE

Safekeeping Account Rejection

Unrecognised or invalid safekeeping account.

SHAR

Shareholder Number Rejection

Unrecognised or invalid Shareholder Number.

SIGN

Signature Rejection

Registration request does not have a valid signature of the owner of the financial instrument.

STAM

Not Stamped or Signed

Financial instrument is not ceded (stamped and/or duly signed).

STAT

Missing Statutes

Missing statutes or commercial register or other legal documents.

CODES

If Qualifier is PACK and Data Source Scheme is not present, Reason Code must contain the following code:

RQWV

Accepted Without Voting Rights

Instruction registration is accepted but the registration is not in full, that is, not with voting rights.

USAGE RULES

The qualifier of the reason code must be in line with the code used for the status in field 25D, for example,

:25D::IPRC//REJT

:24B::REJT//BPAR

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