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ISO 15022
Data Field Dictionary

MT549: (17) Field 24B: Reason Code

FORMAT

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

PRESENCE

Optional (referenced in rule C3) in optional sequence B

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

NMAT

R

C3

B

Unmatched Reason

2

O

PEND

R

C3

B

Pending Reason

3

O

PENF

R

C3

B

Pending/Failing Reason

4

O

REJT

R

C3

B

Rejection Reason

5

O

DEND

R

C3

B

Denied Reason

6

O

CAND

R

C3

B

Cancellation Reason

7

O

CANP

R

C3

B

Pending Cancellation Reason

8

O

MOPN

R

C3

B

Pending Modification Reason

9

O

NAFI

R

C3

B

Unaffirmed Reason

10

O

PACK

R

C3

B

Acknowledged/Accepted Reason

11

O

CACK

R

C3

B

Repo Call Acknowledgement Reason

12

O

REPR

R

C3

B

Repair Reason

13

O

PPRC

R

C3

B

Pending Processing Reason

14

O

CGEN

R

C3

B

Generated 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 related instruction is cancelled, or the related cancellation request is executed.

CANP

Pending Cancellation Reason

Specifies the reason why the cancellation request 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.

NAFI

Unaffirmed Reason

Specifies the reason why the instruction has an unaffirmed status.

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

Specifiers 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 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

Received after the account servicer's deadline. Processed on best effort basis.

CADE

Disagreement Transaction Call Delay

Transaction call delay does not match.

CHAR

Disagreement Charges Amount

Charges amount 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

Deal Price Not Match

Deal price does not match.

DEAL

Disagreement Deal Amount

Deal amount 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, 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.

EXEC

Disagreement Executing Broker's Commission

Executing broker's commission 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

Your instruction was too late for matching.

LEOG

Disagreement Letter of Guarantee Indicator

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

MCAN

Matching Record Cancelled

Corresponding matching record has been cancelled.

MIME

Missing Market Side Details

Market side execution details are missing.

NARR

Narrative

Other details do not match. 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 field :22F::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 PEND and Data Source Scheme is not present, Reason Code must contain one of the following codes:

ADEA

Account Servicer Deadline Missed

Received after the account servicer's deadline. Processed on best effort basis.

AUTH

Sent to Tax Authorities

Tax reclaim has been sent to the tax authorities.

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 trade), 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.

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.

CONF

Confirmation Of Payment

Prior payment credited to account based contractual income collection agreement has been collected from issuer.

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, earthquake.

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.

DQUA

Disagreement on Quantity

Unrecognised or invalid instructed quantity.

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.

IPNC

Cancel Not Possible

Instruction has been processed and cannot be cancelled.

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.

MCER

Missing Certification

Awaiting receipt of adequate certification.

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

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.

NPAY

No Payment

Payment has not been made by issuer.

NSEC

Not Delivered

Financial instruments have not been delivered by the issuer.

PART

Trade Settles in Partials

Trade will settle in partials.

PENR

Pending Receipt

The instruction is pending receipt of securities, for example, from a purchase, loan etc.

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.

VLDA

Valid for Tax Authorities

For tax reclaim, the event is pending, the tax reclaim is valid for the tax authorities.

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

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

Your instruction is too late for settlement, for example, received too late, matching or settlement problems solved too late.

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

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

ADEA

Account Servicer Deadline Missed

Received after the account servicer's deadline. Processed on best effort basis.

BATC

Processing Batch Rejection

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

BPAR

Business Partner Number Rejection

Unrecognised or invalid Business Partner Number.

BREF

Bank Reference Number Rejection

Unrecognised or invalid Bank Reference Number.

BUSE

Type of Order Rejection

Unrecognised or invalid type of order.

CADE

Transaction Call Delay Rejection

Unrecognised or invalid transaction call delay.

CAEV

Corporate Action Rejection

Corporate action pending on the financial instrument instructed.

CANC

Cancelled

Option is not valid; it has been cancelled by the market or service provider, and cannot be responded to. Any responses already processed against this option are considered void and new responses will be required.

CASH

Cash Account Rejection

Unrecognised or invalid cash account.

CASY

Impossible Cash Settlement System

Impossible standing arrangements override instruction for the cash settlement system.

COMC

Commercialisation Contract Rejection

Unrecognised or invalid commercialisation contract.

CONL

Concentration Limit Exceeded

Concentration limit was exceeded.

CPTY

Unknown Deal/Exposure

Deal or exposure is unknown.

DADR

Address Details Rejection

Address details are incorrect or cannot be recognised.

DCAN

Rejected Since Already Cancelled

Cancellation request was rejected since the instruction has already been cancelled.

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.

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.

DMON

Settlement Amount Rejection

Unrecognised or invalid settlement amount.

DORD

Registration Request Data and Order Rejection

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

DPRG

Rejected Since In Progress

Cancellation request has been rejected because the instruction process is in progress or has been processed.

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.

EVNM

Unrecognised Corporate Action Event Number

Unrecognised corporate action event number.

FEEE

Fee/Commission Rejection

Unrecognised or invalid fee or commission.

ICAG

Agent Rejection

Unrecognised or invalid receiving or delivering agent.

ICOL

Insufficient Collateral

Insufficient collateral proposed.

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.

INIR

Instruction Irrevocable

The instruction is irrevocable.

INNA

Narrative Information Rejection

Unrecognised or invalid SLA agreed narrative information.

INTV

Inactive

Option is not active and can no longer be responded to. Any responses already processed against this option will remain valid, for example, expired option.

INVA

Invalid for Tax Authorities

For tax reclaim, the reclaim is invalid for the tax authorities.

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.

INVN

Number Rejection

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

LACK

Lack of Securities

Instructed position exceeds the eligible balance.

LATE

Market Deadline Missed

Instruction was received after market deadline.

MINO

Minimum Settlement Quantity

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

MLEG

Missing Legal Power

Missing legal power for transfer.

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.

NMTY

Mismatch Option Number and Option Type

Mismatch between option number and option type.

NRGM

No Match

Cancellation request has been rejected since more than one instruction match to the cancellation criteria.

NRGN

Not Found

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

OPNM

Unrecognised Option Number

Unrecognised option number.

OPTY

Invalid Option Type

Invalid option type.

OWNT

Type of Ownership Rejection

Type of ownership indicated is not correct.

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.

REFT

Refused by the Tax Authorities

Reclaim is refused by the tax authorities.

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.

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

Disagreement in registration reason

Registration reason indicated is not correct.

RTGS

Impossible to use the RTGS system instructed

It is not possible 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.

SHAR

Shareholder Number Rejection

Unrecognised or invalid Shareholder Number.

SIGN

Invalid Signature

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

STAM

Not Stamped or Signed

Financial instrument has not been stamped and/or duly signed.

STAT

Missing Statutes

Missing statutes or commercial register or other legal documents.

TERM

Closing Date/Time Rejection

Unrecognised or invalid closing date/time.

TXST

Tax Status Rejection

Unrecognised or invalid tax status of the securities instructed.

ULNK

Unknown

Linked reference is unknown.

VALR

Rule Rejection

Account servicer validation rule rejection.

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

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.

IPNC

Instruction Processed

Instruction has been processed and cannot be cancelled.

LATE

Market Deadline Missed

Received after market deadline.

NARR

Narrative Reason

See narrative field for reason.

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.

CANO

Cancelled by Another Party

Instruction has been cancelled by another party than the instructing party, for example market infrastructure such as a Stock Exchange.

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.

CREG

Cancelled by Issuer/Registrar

Instruction has been cancelled by the issuer/registrar.

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

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.

DQUA

Disagreement on Quantity

Unrecognised or invalid instructed quantity.

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

NAFF

Not Affirmed

Counterparty has not affirmed.

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

Received after the account servicer's deadline. Processed on best effort basis.

LATE

Market Deadline Missed

Instruction was received after market deadline.

NARR

Narrative Reason

See narrative field for reason.

NSTP

Not STP

Instruction was not STP and had to be processed manually.

RQWV

Accepted Without Voting Rights

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

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

ADEA

Account Servicer Deadline Missed

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

ADEA

Account Servicer Deadline Missed

Received after the account servicer's deadline. Processed on best effort basis.

BATC

Processing Batch Repair

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

BUSE

Type of Order Repair

Unrecognised or invalid type of order.

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

Cash Settlement System Repair

Impossible standing arrangements override instruction for the cash settlement system.

COMC

Commercialisation Contract Repair

Unrecognised or invalid commercialisation contract.

DDAT

Settlement Date Repair

Unrecognised or invalid settlement date (that is date is not a settlement date for the instructed market, settlement date is too old ...).

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 (that is invalid ISIN, security not eligible at the instructed market ...).

DTRD

Trade Date Repair

Unrecognised or invalid trade date.

FEEE

Fee/Commission Repair

Unrecognised or invalid fee or commission.

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.

INNA

Narrative Information Repair

Unrecognised or invalid SLA agreed narrative information.

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.

NRGM

No Match

Cancellation request is in repair since more than one instruction match to the cancellation criteria.

NRGN

Not Found

Cancellation request is in repair since the instruction could not be found.

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

RTGS System Repair

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.

ULNK

Unknown

The message was not recognised - unknown linked reference.

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 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.

USAGE RULES

The reason requested in the MT549 must reason codes available for the message type requested. Ex: STAT reason code (Missing statutes or commercial register or other legal documents) must not be used if the MT549 is a request for an MT548.

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