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ISO 15022
Data Field Dictionary

MT548: (12) Field 24B: Reason Code

FORMAT

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

PRESENCE

Mandatory (referenced in rule C6) in optional subsequence A2a

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

CAND

N

C6

B

Cancellation Reason

 

or

CANP

N

C6

B

Pending Cancellation Reason

 

or

CACK

N

C6

B

Repo Call Acknowledgement Reason

 

or

CGEN

N

C6

B

Generated Reason

 

or

DEND

N

C6

B

Denied Reason

 

or

MOPN

N

C6

B

Pending Modification Reason

 

or

NMAT

N

C6

B

Unmatched Reason

 

or

PACK

N

C6

B

Acknowledged/Accepted Reason

 

or

PEND

N

C6

B

Pending Reason

 

or

PENF

N

C6

B

Pending/Failing Reason

 

or

PPRC

N

C6

B

Pending Processing Reason

 

or

REJT

N

C6

B

Rejection Reason

 

or

REPR

N

C6

B

Repair Reason

DEFINITION

This qualified generic field specifies:

CACK

Repo Call Acknowledgement Reason

Specifies additional information on the repo call request acknowledgement.

CAND

Cancellation Reason

Specifies the reason why the instruction is cancelled.

CANP

Pending Cancellation Reason

Specifies the reason why a cancellation request sent for the related instruction is pending.

CGEN

Generated Reason

Specifies the reason why the transaction was generated.

DEND

Denied Reason

Specifies the reason why the request was denied.

MOPN

Pending Modification Reason

Specifies the reason why the modification request is pending.

NMAT

Unmatched Reason

Specifies the reason why the instruction has an unmatched status.

PACK

Acknowledged/Accepted Reason

Specifies additional information about the processed instruction.

PEND

Pending Reason

Specifies the reason why the instruction has a pending status.

PENF

Pending/Failing Reason

Specifies the reason why the instruction has a failing settlement status.

PPRC

Pending Processing Reason

Specifies the reason why the instruction has a pending processing status.

REJT

Rejection Reason

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

REPR

Repair Reason

Specifies the reason why the instruction is in repair.

CODES

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

BYIY

Buy In

Instruction has been cancelled because a buy-in has been initiated.

CANI

Cancelled By Yourselves

Instruction has been cancelled as per your request.

CANS

Cancelled By System

Instruction has been cancelled by the settlement system.

CANT

Cancelled due to Transformation

Original instruction has been cancelled and replaced due to a Corporate Action.

CANZ

Cancelled due to Split/Partial Settlement

Original instruction has been cancelled and replaced to allow a partial or split settlement.

CORP

Cancelled Due to Corporate Action

Instruction has been cancelled due to a corporate action.

CSUB

Cancelled By Agent

Instruction has been cancelled by the agent.

CTHP

Cancelled By Third Party

Instruction has been cancelled by a third party.

EXPI

Expired

Instruction has expired.

NARR

Narrative Reason

See narrative field for reason.

SCEX

Securities No Longer Eligible

Instruction has been cancelled; the security no longer exists or is no longer eligible on the market instructed. For corporate action-related cancellation, CORP should be used.

CODES

If Qualifier is CANP 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. Processed on best effort basis.

CDAC

Conditional Delivery Cancellation Pending

Conditional Delivery is still pending awaiting the cancellation from at least another party.

CONF

Awaiting Confirmation

Awaiting confirmation of cancellation from the counterparty.

INBC

Incomplete Number Count

Not all the instructions part of a pool have been received.

NARR

Narrative Reason

See narrative field for reason.

CODES

If Qualifier is CACK 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. Processed on best effort basis.

CALD

In Process

Repo call is in process.

CALP

Processed

Repo call is processed.

CODES

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

CLAI

Market Claim

Transaction has been generated due to a market claim following a corporate action.

COLL

Collateral Management

Transaction has been generated for collateral management purposes.

NARR

Narrative Reason

See narrative field for reason.

RODE

Return of Refused Dump

Transaction has been generated to return a delivery previously instructed.

SPLI

Split/Shaping

Transaction has been generated to enable settlement following a shortage of position.

THRD

Third Party

Transaction has been generated by a third party, for example, a central counterparty.

TRAN

Transformation

Transaction has been generated due to transformation following a corporate action.

CODES

If Qualifier is DEND 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.

DCAL

Call Denied Since Already Applied

Repo call request was denied since another call already applies.

DCAN

Denied Since Cancelled

Request was denied since the instruction has been cancelled.

DFOR

Denied Since not Allowed

Repo call request was denied. Call not allowed on the concerned repo, for example, out of delay.

DPRG

Denied Since in Progress

Request was denied because the process of settlement is in progress.

DREP

Denied Since Repo Ended

Request was denied because the repo was cancelled.

DSET

Denied Since Settled

Request was denied because the instruction was settled.

LATE

Market Deadline Missed

Instruction was received after market deadline.

NARR

Narrative Reason

See narrative field for reason.

CODES

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

CONF

Awaiting Confirmation

Awaiting confirmation of modification from the counterparty or the market.

NARR

Narrative Reason

See narrative field for reason.

CODES

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

ACRU

Accrued Interest Amount

Accrued interest amount does not match.

ADEA

Account Servicer Deadline Missed

Instruction was received after the account servicer's deadline. Processed on best effort basis.

CADE

Disagreement Transaction Call Delay

Transaction call delay does not match.

CLAT

Counterparty too Late for Matching

Counterparty's instruction was too late for matching.

CMIS

Matching Instruction Not Found

A matching instruction from your counterparty could not be found.

CPCA

Counterparty Cancelled Instruction

Counterparty cancelled their instruction.

DCMX

Disagreement Cum Ex

Disagreement if trade was executed cum or ex.

DDAT

Disagreement Settlement Date

Settlement date/time does not match.

DDEA

Disagreement Deal Price

Deal price does not match.

DELN

Disagreement Direction of Trade

Direction of the trade does not match. Counterparty expects a delivery from you, not a receipt or vice versa.

DEPT

Disagreement Place of Settlement

Place of settlement does not match.

DMCT

Disagreement Automatic Generation

Disagreement on automatic generation of market claim or transformation.

DMON

Disagreement Settlement Amount

Settlement amount does not match.

DQUA

Disagreement Quantity

Quantity of financial instrument does not match.

DSEC

Disagreement Security

Financial instrument identification does not match, for example, ISIN differs, Financial Instrument Attributes differs.

DTRA

Not Recognised

Counterparty has been contacted or contacted us, and does not recognise the transaction.

DTRD

Disagreement Trade Date

Trade date does not match.

FORF

Disagreement Forfeit Amount

Forfeit amount does not match.

FRAP

Disagreement Payment Code

Payment type does not match: your instruction is free of payment, your counterparty's instruction is against payment or vice versa.

ICAG

Incorrect Agent

Delivering or receiving agent (counterparty) does not match.

ICUS

Disagreement Receiving or Delivering Custodian

Delivering or receiving custodian does not match.

IEXE

Incorrect Buyer or Seller

Buyer (receiver) or seller (deliverer) does not match.

IIND

Disagreement Common Reference

Common reference does not match.

INPS

Disagreement Place of Safekeeping

The place of safekeeping information does not allow matching to take place.

INVE

Disagreement Investor Party

Investor party does not match.

LATE

Market Deadline Missed

Instruction was received after market deadline.

LEOG

Disagreement Letter of Guarantee Indicator

Counterparty is for settlement through Letter of Guarantee (L/G), your instruction is not, or vice versa.

MIME

Missing Market Side Details

Market side execution details are missing.

NARR

Narrative Reason

See narrative for details.

NCRR

Disagreement Currency Settlement Amount

Settlement amount currency does not match.

NMAS

No Matching Started

Matching process has not yet started.

PHYS

Disagreement Physical Settlement

Counterparty's instruction is physical settlement, your instruction is not, or vice versa.

PLCE

Disagreement Place of Trade

Place of trade does not match.

PLIS

Disagreement Place of Listing

Place of listing does not match.

PODU

Possible Duplicate Instruction

Instruction has not been matched. It is a possible duplicate instruction.

REGD

Disagreement Registration Details

Registration details linked to the transaction are incorrect.

REPA

Disagreement Termination Transaction Amount

Termination transaction amount does not match.

REPO

Disagreement Repurchase Rate

Repurchase rate does not match.

REPP

Disagreement Premium Amount

Premium amount does not match.

RERT

Disagreement Repurchase Rate Type

Repurchase rate type does not match.

RTGS

Disagreement RTGS System

Counterparty is for Real Time Gross Settlement (RTGS) system, you are for non-RTGS or vice versa.

SAFE

Disagreement Safekeeping Account

Safekeeping account used as matching criteria on the market concerned does not match. This includes Buyer/seller's account, direct client's account at the receiving/delivering agent, or receiving/delivering agent's account at the CSD.

SETR

Disagreement Settlement Transaction

Settlement transaction type does not match (relates to the settlement transaction type codes available for sequence E field 22F, qualifier SETR).

SETS

Disagreement Settlement System/Method

Settlement system/method does not match (for example, instruction is to settle using settlement system/method A. Counterparty expects settlement to occur using settlement system/method B).

TERM

Disagreement Closing Date/Time

Closing date/time does not match.

TXST

Disagreement Tax Status

Disagreement on the tax status of the financial instruments to be settled.

UNBR

Unmatched Market Side Details

Market side trade is unmatched.

VASU

Disagreement Variable Rate Support

Variable rate support does not match (repo).

CODES

If Qualifier is PACK 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. Processed on best effort basis.

NARR

Narrative Reason

See narrative field for reason.

SMPG

Market Practice Rule Discrepancy

Instruction is accepted but does not comply with the market practice rule published for the concerned market or process.

CODES

If Qualifier is PEND 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. Processed on best effort basis.

AWMO

Awaiting Money

Financial instruments are delivered, but still awaiting money from the counterparty.

AWSH

Awaiting Securities from Counterparty

Financial instruments have not yet been received from the counterparty.

BATC

Processing Batch Difference

Processing batch differs in the counterparty's instruction, for example, daytime/real-time versus overnight.

BENO

Beneficial Ownership Disagreement

Disagreement in beneficial ownership.

BLOC

Account Blocked

Your account is blocked, no instruction can settle over the account.

BOTH

Both Instructions on Hold

Counterparty's instruction and your instruction are on hold/frozen/in a preadvice mode.

CAIS

Awaiting Securities

Awaiting financial instruments from a corporate action issue or other procedure, for example, conversion, dematerialisation, exchange, registration, stamping, splitting.

CDLR

Conditional Delivery Awaiting Release

Instruction is in a hold/frozen/preadvice mode - infrastructure platform is awaiting release.

CERT

Wrong Certificate Numbers

Certificate number error.

CHAS

Enquiry Sent

A chaser/enquiry has been sent.

CLAC

Counterparty Insufficient Securities

Insufficient deliverable financial instruments in counterparty's account or counterparty does not hold financial instruments.

CLHT

Clearing House Trade

Instructed settlement date does not agree with the settlement date on the Clearing House trade, that is, a specific type of trade in India.

CMON

Counterparty Insufficient Money

Insufficient money in counterparty's account.

COLL

Securities Pledged as Collateral

Financial instruments are not deliverable as they are pledged as collateral.

CPEC

Counterparty In Receivership

Counterparty is in receivership (form of bankruptcy where a court appointed person, the receiver, manages the affairs of the business).

CSDH

CSD Hold

Central securities depository has set the instruction in a hold/frozen/preadvice mode.

CVAL

CSD Validation

Instruction is in a hold/frozen/preadvice mode as it fulfils predefined conditions of a restriction processing type in the market infrastructure platform.

CYCL

Awaiting Next Settlement Cycle

Instruction is confirmed in the local market or is ready for settlement, awaiting next settlement cycle.

DENO

Unavailable Deliverable Denominated Quantity

Quantity instructed does not match the denomination available/deliverable. Physical securities need to be obtained in deliverable denominated quantities.

DEPO

Refused Deposit for Issue of Depositary Receipts

Deposit of shares for the issuing of depositary receipts has been refused. The allotment for depositary receipts granted by the issuer is exceeded by your transaction.

DISA

Natural Disaster

Exceptional closing of all financial institutions due to natural disaster, for example, earthquake.

DKNY

Counterparty Returned Shares

Counterparty has returned or refuses the securities.

DOCC

Awaiting Documents/Registration Instruction/Endorsements from Counterparty

Awaiting documents, registration instruction or endorsements from counterparty.

DOCY

Awaiting Documents/Registration Instruction/Endorsements from You

Awaiting documents, registration instruction or endorsements from you.

FLIM

Maximum Foreign Limit Reached

Insufficient deliverable financial instruments in your account as maximum foreign limit has been reached.

FROZ

Securities Frozen At CSD

Financial instruments are blocked at the CSD following a corporate event.

FUTU

Awaiting Settlement Date

Awaiting settlement date. No settlement problems to be reported.

GLOB

Global Form Securities

Settlement cannot be executed; financial instruments are in global form.

IAAD

Status Reason Investigation

Pending reason being investigated.

INBC

Incomplete Number Count

Not all the instructions part of a pool have been received.

INCA

Income Adjustment Required

Financial instruments require income adjustment, for example, dividend or interest.

LAAW

Awaiting Other Transaction

Awaiting settlement of a purchase to cover failing positions.

LACK

Lack of Securities

Insufficient financial instruments in your account.

LALO

Securities are Loaned Out

Financial instruments are out on loan.

LATE

Market Deadline Missed

Instruction was received after market deadline.

LINK

Pending Linked Instruction

Your instruction is pending settlement because the instruction linked to it is pending.

LIQU

Insufficient Central Bank Liquidity

Central Bank Liquidity is insufficient.

MINO

Minimum Settlement Quantity

Quantity instructed is lower than the minimum existing settlement quantity for the financial instrument.

MONY

Insufficient Money

Insufficient money in your account and/or credit line is insufficient.

MUNO

Multiple Settlement Quantity

Quantity instructed is not a multiple of an existing settlement quantity lot for the financial instrument.

NARR

Narrative Reason

See narrative field for reason.

NCON

Confirmation Not Received

Confirmation of settlement has not yet been received.

NEWI

New Issues

Financial instrument is a new issue and not yet available/tradable.

NMAS

No Matching Required

Instruction has not been matched; matching process is not required.

NOFX

No Foreign Exchange Instruction

A foreign exchange instruction from you is missing.

PART

Trade Settles in Partials

Trade will settle in partials.

PHCK

Physical Securities in Verification Process

Physical financial instruments have been received and are being checked for authenticity.

PHSE

Physical Delivery Delay

Settlement is physical. Financial instruments are being delivered.

PRCY

Counterparty Instruction on Hold

Counterparty's instruction is on hold/frozen/in a preadvice mode.

PREA

Your Instruction on Hold

Your instruction is on hold/frozen/in a preadvice mode.

PRSY

On Hold by System

The transaction was put on hold by the system.

REFS

Not In Good Order

Delivery/receipt was refused because physical financial instruments are not in good order.

REFU

Instruction Refused/Not Recognised

Instruction has been refused or not recognised and is represented automatically.

REGT

Certificates Rejected

Certificates have been lodged with the registrar but rejected due to incomplete documentation or foreign ownership limitation reached.

SBLO

Securities Blocked

Financial instruments are blocked due to a corporate action event, realignment, etc.

SDUT

Lack of Stamp Duty Information

Stamp duty information is missing.

SETS

Settlement System/Method Modified

Settlement system/method has been modified at CSD to allow settlement.

TAMM

Trade Amended in Market

Trade is being amended in the market.

YCOL

Collateral Shortage

Insufficient collateral in your account to execute the instruction.

CODES

If Qualifier is PENF 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. Processed on best effort basis.

AWMO

Awaiting Money

Financial instruments are delivered, but still awaiting money from the counterparty.

AWSH

Awaiting Securities from Counterparty

Financial instruments have not yet been received from the counterparty (if receive against payment), the money has been delivered.

BATC

Processing Batch Difference

Processing batch differs in the counterparty's instruction, for example, daytime/real-time versus overnight.

BENO

Beneficial Ownership Disagreement

Disagreement in beneficial ownership.

BLOC

Account Blocked

Your account is blocked, no instruction can settle over the account.

BOTH

Both Instructions on Hold

Counterparty's instruction and your instruction are on hold/frozen/in a preadvice mode.

BYIY

Buy-in Procedure

A buy-in procedure has started on the market (on your behalf if your instruction is a receipt, by the counterparty if your instruction is a delivery).

CAIS

Awaiting Securities

Awaiting financial instruments from a corporate action issue or other procedure, for example, conversion, dematerialisation, exchange, registration, stamping, splitting.

CANR

Cancellation/Confirmation Request

A cancellation or confirmation of instruction is required.

CDLR

Conditional Delivery Awaiting Release

Instruction is in a hold/frozen/preadvice mode - infrastructure platform is awaiting release.

CERT

Wrong Certificate Numbers

Certificate number error.

CHAS

Enquiry Sent

A chaser/enquiry has been sent.

CLAC

Counterparty Insufficient Securities

Insufficient deliverable financial instruments in counterparty's account or counterparty does not hold financial instruments.

CLAT

Counterparty too Late for Settlement

Counterparty's instruction was too late for settlement (that is received too late, matching or settlement problems solved too late).

CLHT

Clearing House Trade

Instructed settlement date does not agree with the settlement date on the Clearing House trade, that is, a specific type of trade in India.

CMON

Counterparty Insufficient Money

Insufficient money in counterparty's account.

COLL

Securities Pledged as Collateral

Financial instruments are not deliverable as they are pledged as collateral.

CPEC

Counterparty In Receivership

Counterparty is in receivership (form of bankruptcy where a court appointed person, the receiver, manages the affairs of the business).

CSDH

CSD Hold

Central securities depository has set the instruction in a hold/frozen/preadvice mode.

CVAL

CSD Validation

Instruction is in a hold/frozen/preadvice mode as it fulfils predefined conditions of a restriction processing type in the market infrastructure platform.

CYCL

Awaiting Next Settlement Cycle

Instruction is confirmed in the local market or is ready for settlement, awaiting next settlement cycle.

DENO

Unavailable Deliverable Denominated Quantity

Quantity instructed does not match the denomination available/deliverable. Physical financial instruments need to be obtained in deliverable denominated quantities.

DEPO

Refused Deposit for Issue of Depositary Receipts

Deposit of shares for the issuing of depositary receipts has been refused. The allotment granted by the issuer is exceeded by your transaction.

DISA

Natural Disaster

Exceptional closing of all financial institutions due to natural disaster, for example, typhoon, flooding, earthquake, hurricane.

DKNY

Counterparty Returned Shares

Counterparty has returned or refused the financial instruments.

DOCC

Awaiting Documents/Registration Instruction/Endorsements from Counterparty

Awaiting documents, registration instruction or endorsements from counterparty.

DOCY

Awaiting Documents/Registration Instruction/Endorsements from You

Awaiting documents, registration instruction or endorsements from you.

FLIM

Maximum Foreign Limit Reached

Insufficient deliverable financial instruments in your account as maximum foreign limit has been reached.

FROZ

Securities Frozen At CSD

Financial instruments are blocked at the CSD following a corporate event.

GLOB

Global Form Securities

Settlement cannot be executed; financial instruments are in global form.

IAAD

Status Reason Investigation

Failing reason being investigated.

INBC

Incomplete Number Count

Not all the instructions part of a pool have been received.

INCA

Income Adjustment Required

Financial instruments require income adjustment, for example, dividend or interest.

LAAW

Awaiting Other Transaction

Awaiting settlement of a purchase to cover failing positions.

LACK

Lack of Securities

Insufficient deliverable financial instruments in your account.

LALO

Securities are Loaned Out

Financial instruments are out on loan.

LATE

Market Deadline Missed

Instruction was received after market deadline.

LINK

Pending Linked Instruction

A linked instruction is pending/failing.

LIQU

Insufficient Central Bank Liquidity

Central Bank Liquidity is insufficient.

MINO

Minimum Settlement Quantity

Quantity instructed is lower than the minimum existing settlement quantity for the financial instrument.

MLAT

Money/Securities too Late for Settlement

Covering money/financial instruments were received too late for completing settlement on a same day basis.

MONY

Insufficient Money

Insufficient money in your account and/or credit line is insufficient.

MUNO

Multiple Settlement Quantity

Quantity instructed is not a multiple of an existing settlement quantity lot for the financial instrument.

NARR

Narrative Reason

See narrative field for reason.

NCON

Confirmation Not Received

Confirmation of settlement has not yet been received.

NEWI

New Issues

Financial instrument is a new issue and not yet available/tradable.

NOFX

No Foreign Exchange Instruction

A foreign exchange instruction from you is missing.

OBJT

Under Objection

Financial instruments are stolen, in dispute, under objection etc.

PART

Trade Settles in Partials

Trade will settle in partials.

PHCK

Physical Securities in Verification Process

Physical financial instruments have been received and are being checked for authenticity.

PHSE

Physical Delivery Delay

Settlement is physical. Financial instruments are being delivered.

PRCY

Counterparty Instruction on Hold

Counterparty's instruction is on hold/frozen/in a preadvice mode.

PREA

Your Instruction on Hold

Your instruction is on hold/frozen/in a preadvice mode.

PRSY

On Hold by System

The transaction was put on hold by the system.

REFS

Not In Good Order

Delivery/receipt was refused because physical financial instruments are not in good order.

REGT

Certificates Rejected

Certificates have been lodged with the registrar but rejected due to incomplete documentation or foreign ownership limitation reached.

SBLO

Securities Blocked

Financial instruments are blocked due to a corporate action event, realignment, etc.

SDUT

Lack of Stamp Duty Information

Stamp duty information is missing.

SETS

Settlement System/Method Modified

Settlement system/method has been modified at CSD to allow settlement.

STCD

Confirmation Discrepancy

Discrepancy in the settlement confirmation.

YCOL

Collateral Shortage

Insufficient collateral in your account to execute the instruction.

CODES

If Qualifier is PPRC 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. Processed on best effort basis.

BLOC

Account Blocked

Your account is blocked, no instruction can settle over the account.

CAIS

Awaiting Securities

Awaiting securities from a corporate action issue or other procedure, for example, conversion, dematerialisation, exchange, registration, stamping, splitting.

CERT

Wrong Certificate Numbers

Certificate number error.

COLL

Securities Pledged as Collateral

Securities are not deliverable as they are pledged as collateral.

DENO

Unavailable Deliverable Denominated Quantity

Quantity instructed does not match the denomination available/deliverable. Physical securities need to be obtained in deliverable denominated quantities.

DOCY

Awaiting Documents/Registration Instruction/Endorsements from You

Awaiting documents, registration instruction or endorsements from you.

FLIM

Maximum Foreign Limit Reached

Insufficient deliverable financial instruments in your account as maximum foreign limit has been reached.

GLOB

Global Form Securities

Settlement cannot be executed; financial instruments are in global form.

LACK

Lack of Securities

Insufficient financial instruments in your account.

LALO

Securities are Loaned Out

Financial instruments are out on loan.

LIQU

Insufficient Central Bank Liquidity

Central Bank Liquidity is insufficient.

MINO

Minimum Settlement Quantity

Quantity instructed is lower than the minimum existing settlement quantity for the financial instrument.

MONY

Insufficient Money

Insufficient money in your account and/or credit line is insufficient.

MUNO

Multiple Settlement Quantity

Quantity instructed is not a multiple of an existing settlement quantity lot for the financial instrument.

NARR

Narrative Reason

See narrative field for reason.

NEXT

Next Process

Next Process is launched. No processing pending problems to be reported.

NOFX

No Foreign Exchange Instruction

A foreign exchange instruction from you is missing.

YCOL

Collateral Shortage

Insufficient collateral in your account to execute the instruction.

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.

BATC

Processing Batch Rejection

Unrecognised or invalid processing batch, that is, daytime/real-time while only possible to settle in overnight batch.

CADE

Transaction Call Delay Rejection

Unrecognised or invalid transaction call delay.

CAEV

Corporate Action Rejection

Corporate action pending on the financial instrument instructed.

CASH

Cash Account Rejection

Unrecognised or invalid cash account.

CASY

Impossible Cash Settlement System

Impossible standing arrangements override instruction for the cash settlement system.

DDAT

Settlement Date Rejection

Unrecognised or invalid settlement date.

DDEA

Deal Price Rejection

Unrecognised or invalid deal price.

DEPT

Place of Settlement Rejection

Unrecognised or invalid Place of Settlement.

DMON

Settlement Amount Rejection

Unrecognised or invalid settlement amount.

DQUA

Quantity Rejection

Unrecognised or invalid settlement quantity.

DSEC

Security Rejection

Unrecognised or invalid financial instrument identification.

DTRD

Trade Date Rejection

Unrecognised or invalid trade date.

ICAG

Agent Rejection

Unrecognised or invalid receiving or delivering agent.

ICUS

Receiving or Delivering Custodian Rejection

Unrecognised or invalid receiving or delivering custodian.

IEXE

Buyer or Seller Rejection

Unrecognised or invalid buyer or seller.

IIND

Common Reference Rejection

Unrecognised, invalid or missing Common Reference.

INPS

Place of Safekeeping Rejection

Unrecognised, invalid or missing Place of Safekeeping.

INVB

Balance Rejection

Unrecognised, invalid or missing balance.

INVE

Investor Party Rejection

Unrecognised or invalid investor party. May be used by an executing party to reject an instruction for an investor (or portfolio) for which it is not authorised to act.

INVL

Link Rejection

Unrecognised, invalid or missing link.

INVM

Invalid Modification Request

Invalid or unrecognized modification request.

INVN

Number Rejection

Unrecognised, invalid or missing lot/sub-balance number.

LATE

Market or Processing Deadline Missed

Instruction or processing commend was received after market or processing deadline.

MINO

Minimum Settlement Quantity

Quantity instructed is lower than the minimum existing settlement quantity for the financial instrument.

MISM

Invalid Requested Message Type

ONLY for SPRC status. The MT549 statement/status advice request cannot be executed. The message type requested is not valid for the message reference or statement period concerned (that is MT548 requested for a settled transaction, MT537 requested for a future statement period, etc.).

MUNO

Multiple Settlement Quantity

Quantity instructed is not a multiple of an existing settlement quantity lot for the financial instrument.

NARR

Narrative Reason

See narrative field for reason.

NCRR

Settlement Amount Currency Rejection

Unrecognised or invalid settlement amount currency.

NRGM

No Match

Cancellation or Transaction Processing Command request has been rejected since more than one instruction match to the cancellation/Transaction Processing Command criteria.

NRGN

Not Found

Cancellation or Transaction Processing Command request has been rejected since the instruction could not be found.

PHYS

Physical Settlement Impossible

Physical settlement is impossible for the instructed financial instrument.

PLCE

Place of Trade Rejection

Unrecognised or invalid place of trade.

PLIS

Place of Listing Rejection

Unrecognised or invalid place of listing. Used when the security identified is not listed on the market supplied.

REFE

Reference Rejection

Instruction has a reference identical to another previously received instruction.

REPA

Termination Transaction Amount Rejection

Unrecognised or invalid termination transaction amount.

REPO

Repurchase Rate Rejection

Unrecognised or invalid repurchase rate.

REPP

Premium Amount Rejection

Unrecognised or invalid premium amount.

RTGS

Impossible to use the RTGS system instructed

Impossible to use the RTGS system instructed (NRTG or YRTG).

SAFE

Safekeeping Account Rejection

Unrecognised or invalid message sender's safekeeping account.

SDUT

Lack of Stamp Duty Information

Required stamp duty information is missing.

SETR

Settlement Transaction Rejection

Unrecognised or invalid settlement transaction type (relates to the settlement transaction type codes available for sequence E field 22F, qualifier SETR).

SETS

Settlement System/Method Rejection

Unrecognised or invalid settlement system/method instructed.

TERM

Closing Date/Time Rejection

Unrecognised or invalid closing date/time.

TXST

Tax Status Rejection

Unrecognised or invalid tax status of the securities instructed.

VALR

Rule Rejection

Account servicer validation rule rejection.

CODES

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

BATC

Processing Batch Repair

Unrecognised or invalid processing batch, that is, daytime/real-time while only possible to settle in overnight batch.

CADE

Transaction Call Delay Repair

Unrecognised or invalid transaction call delay.

CAEV

Corporate Action Repair

Corporate action pending on the financial instrument instructed.

CASH

Cash Account Repair

Unrecognised or invalid cash account.

CASY

Impossible Cash Settlement System

Impossible standing arrangements override instruction for the cash settlement system.

DDAT

Settlement Date Repair

Unrecognised or invalid settlement date.

DDEA

Deal Price Repair

Unrecognised or invalid deal price.

DEPT

Place of Settlement Repair

Unrecognised or invalid Place of Settlement.

DMON

Settlement Amount Repair

Unrecognised or invalid settlement amount.

DQUA

Quantity Repair

Unrecognised or invalid settlement quantity.

DSEC

Security Repair

Unrecognised or invalid financial instrument identification.

DTRD

Trade Date Repair

Unrecognised or invalid trade date.

ICAG

Agent Repair

Unrecognised or invalid receiving or delivering agent.

ICUS

Receiving or Delivering Custodian Repair

Unrecognised or invalid receiving or delivering custodian.

IEXE

Buyer or Seller Repair

Unrecognised or invalid buyer or seller.

IIND

Common Reference Repair

Unrecognised, invalid or missing Common Reference.

INPS

Place of Safekeeping Repair

Unrecognised, invalid or missing Place of Safekeeping.

MINO

Minimum Settlement Quantity Repair

Quantity instructed is lower than the minimum existing settlement quantity for the financial instrument.

MUNO

Multiple Settlement Quantity Repair

Quantity instructed is not a multiple of an existing settlement quantity lot for the financial instrument.

NARR

Narrative Reason

See narrative field for reason.

NCRR

Settlement Amount Currency Repair

Unrecognised or invalid settlement amount currency.

PHYS

Physical Settlement Impossible

Physical settlement is impossible for the instructed financial instrument.

PLCE

Place of Trade Repair

Unrecognised or invalid place of trade.

REFE

Reference Repair

Instruction has a reference identical to another previously received instruction.

REPA

Termination Transaction Amount Repair

Unrecognised or invalid termination transaction amount.

REPO

Repurchase Rate Repair

Unrecognised or invalid repurchase rate.

REPP

Premium Amount Repair

Unrecognised or invalid premium amount.

RTGS

Impossible to use the RTGS system instructed

Impossible to use the RTGS system instructed (NRTG or YRTG).

SAFE

Safekeeping Account Repair

Unrecognised or invalid message sender's safekeeping account.

SDUT

Lack of Stamp Duty Information

Required stamp duty information is missing.

SETR

Settlement Transaction Repair

Unrecognised or invalid settlement transaction type (relates to the settlement transaction type codes available for sequence E field 22F, qualifier SETR).

SETS

Settlement System/Method Repair

Unrecognised or invalid settlement system/method instructed.

TERM

Closing Date/Time Repair

Unrecognised or invalid closing date/time.

TXST

Tax Status Repair

Unrecognised or invalid tax status of the securities instructed.

USAGE RULES

Usage of a settlement status/reason alone means that the transaction is matched (if a matching process exists in the concerned market or at the concerned account servicer).

A pending transaction (PEND) becomes a failing transaction (PENF) on the settlement date instructed in the message, during the end of day reporting.