MT567: (13) Field 24B: Reason Code

QUALIFIER

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	PEND	N	C1	B	Pending Reason
	or	REJT	N	C1	B	Rejection Reason
	or	CAND	N	C1	B	Cancellation Reason
	or	CANP	N	C1	B	Cancellation Pending Reason
	or	PACK	N	C1	B	Acknowledged/Accepted Reason

DEFINITION

This qualified generic field specifies:

CAND	Cancellation Reason	Specifies the reason why the instruction is cancelled.
CANP	Cancellation Pending Reason	Specifies the reason why a cancellation request sent for the related instruction is pending.
PACK	Acknowledged/Accepted Reason	Specifies additional information about the processed instruction.
PEND	Pending Reason	Specifies the reason why the instruction/event has a pending status.
REJT	Rejection Reason	Specifies the reason why the instruction/cancellation request has a rejected status.

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	For tax reclaim, the event is pending because the reclaim is sent to the tax authorities.
DQUA	Disagreement on Quantity	Unrecognised or invalid instructed quantity.
LACK	Insufficient Securities	Insufficient financial instruments in your account.
LATE	Market Deadline Missed	Instruction was received after market deadline.
MCER	Missing or Invalid Certification	Awaiting receipt of adequate certification.
MONY	Insufficient Cash	Insufficient cash in your account.
NARR	Narrative Reason	See narrative field for reason.
NPAY	Payment Not Made	Payment has not been made by issuer.
NSEC	Securities Not Delivered	Financial instruments have not been delivered by the issuer.
OVER	Overelection	Instructed position exceeds the eligible balance.
PENR	Pending Receipt	The instruction is pending receipt of securities, eg, from a purchase, loan etc.
VLDA	Valid for Tax Authorities	For tax reclaim, the event is pending, the tax reclaim is valid for the tax authorities.

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.
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.
DCAN	Rejected Since Already Cancelled	Cancellation request was rejected since the instruction has already been cancelled.
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 instructed quantity.
DSEC	Security Rejection	Unrecognised or invalid financial instrument identification.
EVNM	Unrecognised Corporate Action Event Number Rejection	Unrecognised corporate action event number.
INIR	Instruction Irrevocable	The instruction is irrevocable
INTV	Inactive	Option is not active and can no longer be responded to. Any responses already processed against this option will remain valid, eg, expired option.
INVA	Invalid for Tax Authorities	For tax reclaim, the reclaim is invalid for the tax authorities.
LACK	Lack of Securities	Instructed position exceeds the eligible balance.
LATE	Market Deadline Missed	Received after market deadline.
NARR	Narrative Reason	See narrative field for reason
NMTY	Mismatch Option Number and Option Type Rejection	Mismatch between option number and option type.
OPNM	Option Number Rejection	Unrecognised option number.
OPTY	Option Type Rejection	Invalid option type.
REFT	Refused by the Tax Authorities	Reclaim is refused by the tax authorities.
SAFE	Safekeeping Account Rejection	Unrecognised or invalid message sender's safekeeping account.
ULNK	Unknown	Linked reference is unknown.

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.
DQUA	Disagreement on Quantity	Unrecognised or invalid instructed quantity.
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, e.g. market infrastructure such as a Stock Exchange.
CANS	Cancelled By System	Instruction has been cancelled by the system.
CSUB	Cancelled by Subcustodian	Instruction has been cancelled by the agent.
NARR	Narrative Reason	See narrative field for reason.

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.
OVER	Overelection	Instructed position exceeds the eligible balance.