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. |