MT 510 Field Specifications

12. Field 24B: Reason

FORMAT

Option B

:4!c/[8c]/4!c

(Qualifier) (Data Source Scheme) (Reason Code)

PRESENCE

Mandatory in an optional sequence

QUALIFIER

(Error code(s): T89)

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

DEFINITION

This qualified generic field specifies:

CAND	Cancellation Reason	Reason instruction was cancelled.
DEND	Denied Reason	Reason cancellation request has been denied.
PACK	Acknowledged/Accepted	Registration has been acknowledged/accepted by the issuer/registrar.
REJT	Rejection Reason	Reason related instruction has a rejected processing status.

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	The instruction has been cancelled as you requested.
CANS	Cancelled By System	The instruction has been cancelled by the system.
CREG	Cancelled by issuer/registrar	The instruction has been cancelled by the issuer/registrar.
NARR	Narrative	Other (see narrative 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	The cancellation request has been denied since the instruction has already been cancelled.
DPRG	Denied Since in Progress	The cancellation request has been denied because the process of registration is in progress.
NARR	Narrative	Other (see narrative reason).

CODES

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

RQWV

Accepted Without Voting Rights

The instruction registration is accepted but the registration is not in full, ie, not with voting rights.

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):

ADEA	Account Servicer Deadline Missed	Instruction was received after the account servicer's deadline.
BPAR	Disagreement Business Partner Number	Unrecognised or invalid Business Partner Number.
BREF	Disagreement Bank Reference Number	Unrecognised or invalid Bank Reference Number.
DADR	Disagreement in address details	The address details are incorrect or can not be recognised, eg, unknown city, postal code, etc.
DORD	Disagreement Registration Request Data and Order	Disagreement between the data on the registration request and the order.
DQUA	Disagreement on Quantity	Unrecognised or invalid quantity of financial instrument.
DSEC	Disagreement Security	Unrecognised or invalid financial instrument identification.
LATE	Market Deadline Missed	Instruction was received after market deadline for the registration date specified.
LATE	Too Late	The instruction has been rejected for further processing as your instruction is too late for the requested registration date specified.
MCER	Missing Certificate	Missing certificate.
MLEG	Missing Legal Power	Missing legal power for transfer.
NARR	Narrative	Other (see reason narrative).
NRGN	Not Found	The cancellation has been rejected since the instruction could not be found.
OWNT	Disagreement in type of ownership	The type of ownership indicated is not correct.
REQM	Missing Registration Request	The registration request to be completed by the buyer and to be forwarded to the issuer is missing.
REQW	Wrong Registration Request	The registration request to be completed by the buyer and to be forwarded to the issuer is wrong. You have used the registration request of a different issuer/registrar.
RREA	Disagreement in registration reason	The registration reason indicated is not correct.
SAFE	Disagreement Safekeeping Account	Unrecognised or invalid safekeeping account.
SHAR	Disagreement Shareholder Number	Unrecognised or invalid Shareholder Number.
SIGN	Invalid Signature	The registration request does not have a valid signature of the owner of the financial instrument.
STAM	Not Stamped or Signed	The financial instrument is not ceded (stamped and/or duly signed).
STAT	Missing Statutes	Missing statutes or commercial register or other legal documents.

USAGE RULES

The qualifier of the reason code should be in line with the code used for the status in field 25D, eg,

:25D::IPRC//REJT
:24B::REJT//BPAR