MT 507 Field Specifications

14. Field 24B: Reason

FORMAT

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

PRESENCE

Optional

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:

REJT Rejection Reason Reason for rejecting the linked message.
CAND Cancellation Reason Reason for cancelling the linked message.
DEND Denied Reason Reason cancellation request has been denied.

CODES

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

CONL Concentration Limit Exceeded The claim, substitution, proposal is fully rejected as the concentration limit was exceeded.
CPTY Unknown Deal/Exposure The deal or exposure is unknown.
DISC Disagree with Call Amount The claim, proposal is fully rejected as Party A does not agree with the call amount.
DISE Disagree with Exposure Amount The claim, proposal is fully rejected as Party A does not agree with the exposure amount.
ICOL Insufficient Collateral The substitution, proposal is fully rejected as there is insufficient collateral proposed.
NARR Narrative Other (see narrative reason).
ULNK Unknown The message was not recognized-unknown linked reference.

CODES

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

CANI Cancelled by Yourselves The message has been cancelled as you requested.
CANS Cancelled by System The message has been cancelled by the system.
NARR Narrative Other (see narrative reason).

CODES

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

DCAN Denied since already cancelled The cancellation request has been denied since the message has already been cancelled.
DPRG Denied since in progress The cancellation request been denied because processing of the message is in progress.
NARR Narrative Other (see narrative reason).