MT537: (19) Field 24B: Reason

QUALIFIER

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	CAND	N	C8	B	Cancellation Reason
	or	CANP	N	C8	B	Pending cancellation reason
	or	CGEN	N	C8	B	Generated Reason
	or	NMAT	N	C8	B	Unmatched Reason
	or	PACK	N	C8	B	Acknowledgement Reason
	or	PEND	N	C8	B	Pending Reason
	or	PENF	N	C8	B	Pending/Failing Reason
	or	PPRC	N	C8	B	Pending Processing Reason
	or	REPR	N	C8	B	Repair Reason

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 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, eg, 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.
CAIS	Awaiting Securities	Awaiting financial instruments from a corporate action or other procedure, eg, conversion, dematerialisation, exchange, registration, stamping, splitting.
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, ie, 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).
CYCL	Awaiting Next Settlement Cycle	Your 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, eg, earthquake.
DKNY	Counterparty Returned Shares	Counterparty has returned or refuses the securities.
DOCC	Awaiting Documents/Endorsements from Counterparty	Awaiting documents or endorsements from counterparty.
DOCY	Awaiting Documents/Endorsements from You	Awaiting documents 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.
GUAD	Guaranteed Delivery Indicator Difference	Guaranteed delivery indicator differs in the counterparty's instruction.
IAAD	Status Reason Investigation	Pending reason being investigated.
INCA	Income Adjustment Required	Financial instruments require income adjustment, eg, 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.
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.
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 instructed preadvise	Counterparty's instruction is a preadvice, ie, for matching only.
PREA	Preadvice instructed	Your instruction is a preadvice, ie, for matching only.
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 CGEN and Data Source Scheme is not present, Reason Code must contain one of the following codes :

TRAN	Transformation	Transaction has been generated due to transformation following a corporate action.
SPLI	Split/Shaping	Transaction has been generated to enable settlement following a shortage of position.
RODE	Return of Refused Dump	Transaction has been generated to return a delivery previously instructed.
THRD	Third Party	Transaction has been generated by a third party, eg, a central counterparty.
COLL	Collateral Management	Transaction has been generated for collateral management purposes.
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.
CANS	Cancelled By System	Instruction has been cancelled by the settlement system.
CSUB	Cancelled By Agent	Instruction has been cancelled by the agent.
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 :

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.
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.
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, eg, 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.
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.
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.
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.
RSPR	Disagreement Spread Rate	Spread rate 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 (eg, 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 (repo).
TXST	Disagreement Tax Status	Disagreement on the tax status of the financial instruments to be settled.
VASU	Disagreement Variable Rate Support	Variable rate support does not match.

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, eg, 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.
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, eg, conversion, dematerialisation, exchange, registration, stamping, splitting.
CANR	Cancellation/Confirmation request	Instruction was in suspense. Suspense period is finished so your cancellation or confirmation of instruction is required.
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 (i.e. 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, ie, 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).
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, eg, typhoon, flooding, earthquake, hurricane.
DKNY	Counterparty Returned Shares	Counterparty has returned or refused the financial instruments.
DOCC	Awaiting Documents/Endorsements from Counterparty	Awaiting documents or endorsements from counterparty.
DOCY	Awaiting Documents/Endorsements from You	Awaiting documents 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.
GUAD	Guaranteed Delivery Indicator Difference	Guaranteed delivery indicator differs in the counterparty's instruction.
IAAD	Status Reason Investigation	Failing reason being investigated.
INCA	Income Adjustment Required	Financial instruments require income adjustment, eg, 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 instrument are out on loan.
LATE	Market Deadline Missed	Instruction was received after market deadline.
LINK	Pending Linked Instruction	A linked instruction is pending/failing.
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.
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 instructed preadvise	Counterparty's instruction is a preadvice, ie, for matching only.
PREA	Preadvice instructed	Your instruction is a preadvice, eg, for matching only.
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 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 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.
CONF	Awaiting Confirmation	Awaiting confirmation of cancellation from the counterparty.
NARR	Narrative Reason	See narrative field for reason.

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 corporate action issue or other procedures, eg, conversion, dematerialisation, exchange, registration, stamping, splitting etc.
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/Endorse ments from You	Awaiting documents 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.
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.
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.
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 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 (i.e. daytime/realtime 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.
FORF	Forfeit Amount Repair	Unrecognised or invalid forfeit amount.
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.
LEOG	Letter of Guarantee Indicator Repair	Unrecognised or invalid letter of guarantee indicator instructed.
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.
RERT	Repurchase Rate Type Repair	Unrecognised or invalid repurchase rate type.
RSPR	Spread Rate Repair	Unrecognised or invalid spread rate.
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.
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.
VASU	Variable Rate Support Repair	Unrecognised or invalid variable rate support (repo).