| Option B | :4!c/[8c]/4!c | (Qualifier)(Data Source Scheme)(Reason Code) |
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
1 |
O |
REJT |
N |
C9 |
B |
Rejection Reason |
|
or |
NMAT |
N |
C9 |
B |
Unmatched Reason |
|
or |
NAFI |
N |
C9 |
B |
Unaffirmed Reason |
This field specifies the reason why the instruction identified in the message has the status specified in field 25D Status Code.
This qualified generic field specifies:
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. |
REJT |
Rejection Reason |
Specifies the reason why the instruction/request has a rejected status. |
If Qualifier is REJT and Data Source Scheme is not present, Reason Code must contain the following codes :
BATC |
Processing Batch Rejection |
Unrecognised or invalid Processing Batch,ie, daytime/realtime while only possible to settle in overnight batch. |
CADE |
Transaction Call Delay Rejection |
Unrecognised or invalid repurchase call delay. |
CAEV |
Corporate Action Rejection |
Corporate action on the financial instrument instructed. |
CASH |
Cash Account Rejection |
Unrecognised or invalid cash account. |
CASY |
Cash Settlement System Rejection |
Impossible standing arrangements override instruction for the cash settlement system. |
DDAT |
Settlement Date Rejection |
Unrecognised or invalid settlement date (i.e. date is not a settlement date for the instructed market, settlement date is too old...). |
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 |
Settlement Quantity Rejection |
Unrecognised or invalid settlement quantity. |
DSEC |
Financial Instrument Rejection |
Unrecognised or invalid financial instrument identification,eg, invalid ISIN, security not eligible at the instructed market. |
DTRD |
Trade Date Rejection |
Unrecognised or invalid trade date. |
FORF |
Forfeit Repurchase Amount Rejection |
Unrecognised or invalid forfeit repurchase amount. |
ICAG |
Agent Rejection |
Unrecognised or invalid receiving or delivering agent. |
ICUS |
Custodian Rejection |
Unrecognised or invalid receiving or delivering custodian. |
IEXE |
Buyer/Seller Rejection |
Unrecognised or invalid buyer or seller. |
IIND |
Common Reference Rejection |
Unrecognised, invalid or missing Common Reference. |
LATE |
Market Deadline Missed |
Instruction was received after market deadline. |
LEOG |
Letter of Guarantee Rejection |
Unrecognised or invalid letter of guarantee indicator instructed. |
MINO |
Minimum Quantity Rejection |
Quantity instructed is lower than the minimum existing settlement quantity for the financial instrument. |
MUNO |
Multiple Quantity Rejection |
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. |
PHYS |
Physical Settlement Rejection |
Physical settlement is impossible for the instructed financial instrument. |
PLCE |
Place of Trade Rejection |
Unrecognised or invalid place of trade. |
REFE |
Reference Rejection |
Instruction has been rejected because the reference must be unique. |
REPA |
Repurchase Amount Rejection |
Unrecognised or invalid repurchase amount. |
REPO |
Repurchase Rate Rejection |
Unrecognised or invalid repurchase rate. |
REPP |
Repurchase Premium Amount Rejection |
Unrecognised or invalid repurchase premium amount. |
RERT |
Repurchase Rate Type Rejection |
Unrecognised or invalid repurchase rate type. |
RSPR |
Repurchase Spread Rate Rejection |
Unrecognised or invalid repurchase spread rate. |
RTGS |
RTGS Rejection |
Impossible to use the RTGS system instructed (NRTG or YRTG). |
SAFE |
Safekeeping Account Rejection |
Unrecognised or invalid message sender's safekeeping account. |
SETR |
Settlement Transaction Type 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 Rejection |
Unrecognised or invalid closing date/time. |
TXST |
Tax Status Rejection |
Unrecognised or invalid tax status of the securities instructed. |
ULNK |
Linked Reference Rejection |
Message was not recognised unknown linked reference. |
VASU |
Variable Rate Support Rejection |
Unrecognised or invalid variable rate support (repo). |
If Qualifier is NMAT and Data Source Scheme is not present, Reason Code must contain one of the following codes :
CADE |
Disagreement Transaction Call Delay |
Repurchase call delay does not match. |
CHAR |
Disagreement Charges |
Charges amount does not match. |
CLAT |
Counterparty Too Late |
Counterparty's instruction was too late for matching. |
CMIS |
Matching Instruction Not Found |
No potential match has been found. |
CPCA |
Counterpart Cancelled Instruction |
Your instruction is unmatched. Your counterparty has cancelled their instruction. |
DDAT |
Disagreement Settlement Date |
Settlement date does not match. |
DDEA |
Disagreement Deal Price |
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. |
DMON |
Disagreement Settlement Amount |
Settlement amount does not match. |
DQUA |
Disagreement Quantity |
Quantity of financial instrument does not match. |
DSEC |
Disagreement Financial Instrument |
Financial instrument identification does not match, eg, ISIN differs, Financial Instrument Attributes differs. |
DTRA |
Counterpart Does not Recognise |
Counterparty has been contacted or has contacted us. Counterparty 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 Repurchase Amount |
Forfeit repurchase amount does not match. |
FRAP |
Disagreement Free/Against Payment |
Wrong instruction was sent; your instruction is free, counterparty is against payment or vice versa. |
ICAG |
Disagreement Agent |
Incorrect delivering or receiving agent |
ICUS |
Disagreement Custodian |
Incorrect delivering or receiving custodian. |
IEXE |
Disagreement Buyer/Seller |
Incorrect buyer or seller. |
IIND |
Disagreement Common Reference |
Counterparty disagrees with the common reference (for markets where a common reference is used as a matching criterion). |
LATE |
Market Deadline Missed |
Instruction was received after market deadline. |
LEOG |
Disagreement Letter of Guarantee Indicator |
Counterparty is for settlement through L/G, your instruction is not, or vice versa. |
MCAN |
Matching Instruction Cancelled |
The corresponding matching record has been cancelled. |
NARR |
Narrative Reason |
See narrative field for reason. |
NCRR |
Disagreement Currency |
Counterparty disagrees with the currency of the settlement amount. |
PHYS |
Disagreement Physical Settlement |
Counterparty is for physical settlement, your instruction is not, or vice versa. |
PLCE |
Disagreement Place of Trade |
Place of trade does not match. |
PODU |
Possible Duplicate |
Possible duplicate instruction. |
REGD |
Disagreement Registration Details |
Discrepancies in the registrations details linked to the transaction. |
REPA |
Disagreement Repurchase Amount |
Repurchase amount does not match. |
REPO |
Disagreement Repurchase Rate |
Repurchase rate does not match. |
REPP |
Disagreement Premium Amount |
Repurchase premium amount does not match. |
RERT |
Disagreement Repurchase Rate Type |
Repurchase rate type does not match. |
RSPR |
Disagreement Repurchase Spread Rate |
Repurchase spread rate does not match. |
RTGS |
Disagreement RTGS System |
Counterparty is for RTGS settlement system, you are for non-RTGS, or vice versa. |
SAFE |
Disagreement Safekeeping Account |
Safekeeping Account does not match. The safekeeping account used as matching criteria on the instructed market (buyer/seller's account, direct client's account at the receiving/delivering agent, receiving or delivering agent's account at the CSD) does not match. |
SETR |
Disagreement Settlement Transaction Type |
Settlement transaction type does not match (relates to the settlement instruction type codes available for sequence E field 22F, qualifier SETR in the original instruction). |
SETS |
Disagreement Settlement Method/System |
Counterparty disagrees with the settlement system/method instructed ,eg, Instruction is to settle using settlement system/method 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 securities to be settled. |
VASU |
Disagreement Variable Rate Support |
Variable rate support does not match (repo). |
If Qualifier is NAFI and Data Source Scheme is not present, Reason Code must contain the following code :
NAFF |
Counterparty Not Affirmed |
Counterparty has not affirmed. |