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MT 507 Field Specifications

14. Field 24B: Reason

FORMAT

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

PRESENCE

Optional in mandatory sequence A

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 O REJT N   B Rejection Reason
  or CAND N   B Cancellation Reason
  or DEND N   B Denied Reason

DEFINITION

This qualified generic field specifies:

CAND Cancellation Reason Specifies the reason why the related instruction is cancelled, or the related cancellation request is executed.
DEND Denied Reason Specifies the reason why the request was denied.
REJT Rejection Reason Specifies the reason why the instruction/request has a rejected status.

CODES

If Qualifier is REJT and Data Source Scheme is not present, Reason Code must contain one of the following codes (Error code(s): K24):

CONL Concentration Limit Exceeded Concentration limit was exceeded.
CPTY Unknown Deal/Exposure Deal or exposure is unknown.
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.
ICOL Insufficient Collateral Insufficient collateral proposed.
NARR Narrative See narrative field for reason.
ULNK Unknown Linked reference is unknown.

CODES

If Qualifier is CAND and Data Source Scheme is not present, Reason Code must contain one of the following codes (Error code(s): K24):

CANI Cancelled By Yourselves Instruction has been cancelled as per your request.
CANS Cancelled By System Instruction has been cancelled by the system.
NARR Narrative See narrative field for reason.

CODES

If Qualifier is DEND and Data Source Scheme is not present, Reason Code must contain one of the following codes (Error code(s): K24):

DCAN Denied Since Already Cancelled Cancellation request was denied since the instruction has already been cancelled.
DPRG Denied Since In Progress Cancellation request was denied because the instruction execution is in progress.
NARR Narrative See narrative field for reason.