MT 548 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	C6	B	Cancellation Reason
	or	CANP	N	C6	B	Pending Cancellation Reason
	or	CACK	N	C6	B	Repo Call Acknowledgement Reason
	or	DEND	N	C6	B	Denied Reason
	or	NMAT	N	C6	B	Unmatched Reason
	or	PACK	N	C6	B	Acknowledgement Reason
	or	PEND	N	C6	B	Pending Reason
	or	PENF	N	C6	B	Pending/Failing Reason
	or	PPRC	N	C6	B	Pending Processing Reason
	or	REJT	N	C6	B	Rejection Reason

DEFINITION

This qualified generic field specifies:

CAND	Cancellation Reason	Reason related instruction was cancelled or related cancellation request executed.
CANP	Pending Cancellation Reason	Reason related cancellation request or related instruction for which a cancellation request was sent is pending.
CACK	Rep Call Acknowledgement Reason	Additional information on the repo call request acknowledgement.
DEND	Denied Reason	Reason related cancellation request or repo call has been denied.
NMAT	Unmatched Reason	Reason related instruction has a matching status unmatched.
PACK	Acknowledgement Reason	Additional information on the Acknowledgement.
PEND	Pending Reason	Reason related instruction has a pending settlement status.
PENF	Pending/Failing Reason	Reason related instruction has a pending/failing settlement status.
PPRC	Pending Processing Reason	Reason related instruction has a pending processing status.
REJT	Rejection Reason	Reason related instruction has a rejected processing status.

CODES

If Qualifier is PEND 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. Processed on best effort basis.
AWMO	Awaiting Money	Securities delivered, but still awaiting money from counterparty.
AWSH	Awaiting Securities from Counterparty	The securities have not been received yet from the counterparty.
BATC	Processing Batch Difference	The settlement is pending. The processing batch differs in the counterparty's instruction, e.g. daytime/realtime versus overnight.
BENO	Beneficial Ownership Disagreement	Disagreement in beneficial ownership.
BLOC	Account Blocked	Your account is blocked, no instruction can settle over the account.
CAIS	Awaiting Securities	Awaiting securities from corporate action issue or other procedures, eg, conversion, dematerialisation, exchange, registration, stamping, splitting etc.
CERT	Wrong Certificate Numbers	Certificate number error.
CHAS	Enquiry Sent	Chaser/enquiry sent to agent or depository.
CLAC	Counterparty Insufficient Securities	Insufficient deliverable securities in counterparty's account or counterparty does not hold the securities.
CLHT	Clearing House Trade	Instructed Settlement date does not agree with the settlement date on the Clearing House trade i.e. a specific type of trade in India.
CMON	Counterparty Insufficient Money	Insufficient money in counterparty's account.
COLL	Securities Pledged as Collateral	The securities are not deliverable as they are pledged as collateral.
CPEC	Counterparty In Receivership	Settlement is pending. The counterparty is in receivership (form of bankruptcy where a court appointed person (the receiver) manages the affairs of the business).
CYCL	Awaiting Next Settlement Cycle	Your instruction is confirmed in the local market or is ready for settlement, awaiting next settlement cycle.
DENO	Unavailable Deliverable Denominated Quantity	The quantity instructed does not match the denomination available/deliverable. Physical securities need to be obtained in deliverable denominated quantities.
DEPO	Refused Deposit for Issue of Depositary Receipts	The deposit of shares for the issuing of Depositary Receipts has been refused. The allotment for Depositary Receipts granted by the issuer is exceeded by your transaction.
DKNY	Counterparty Returned Shares	The counterparty has returned or refuses the securities.
DISA	Natural disaster	The settlement is pending because of the exceptional closing of all financial institutions due to natural disaster (typhoon, flooding, earthquake, hurricane, etc).
DOCC	Awaiting Documents/Endorsements from Counterparty	Awaiting documents or endorsements from counterparty.
DOCY	Awaiting Documents/Endorsements from You	Awaiting documents or endorsements from you.
FLIM	Maximum Foreign Limit Reached	Insufficient deliverable securities in your account as maximum foreign limit has been reached.
FROZ	Securities Frozen At CSD	Delivery is pending due to securities being blocked at the CSD following a Corporate Event.
FUTU	Awaiting settlement date	Your instruction is pending settlement, awaiting the settlement date. No settlement problems to be reported.
GLOB	Global Form Securities	Settlement cannot be executed. Securities are in global form.
GUAD	Guaranteed Delivery Indicator Difference	Settlement is pending. The guaranteed delivery indicator differs in the counterparty's instruction.
IAAD	Status Reason Investigation	Pending reason being investigated.
INCA	Income Adjustment Required	The securities require income, eg, dividend or interest, adjustment.
LACK	Lack of Securities	Insufficient deliverable securities in your account.
LALO	Securities are Loaned Out	Insufficient deliverable securities in your account as they are loaned out.
LATE	Market Deadline Missed	Instruction was received after market deadline.
LINK	Pending Linked Instruction	Your instruction is pending settlement because the instruction linked to it is pending.
MINO	Minimum Settlement Amount	The securities amount is lower than the minimum existing settlement amount for the instructed financial instrument.
MONY	Insufficient Money	Insufficient money in your account.
MUNO	Multiple Settlement Amount	The securities amount is not a multiple of an existing settlement amount lot for the instructed financial instrument.
NARR	Narrative	Other (see narrative reason).
NCON	Confirmation Not Received	The settlement confirmation has not been received yet.
NEWI	New Issues	The securities are new issues and not yet available/tradable.
NMAS	No Matching Required	The instruction has not been matched; the matching process is not required.
NOFX	No Foreign Exchange Instruction	A foreign exchange instruction from you is missing.
PART	Trade settles in Partials	The trade will settle in partials.
PHCK	Physical Securities in Verification Process	Physical shares have been received. Are being checked for authenticity.
PHSE	Physical Delivery Delay	The settlement is physical. Securities are being delivered.
PRCY	Counterparty instructed preadvise	Settlement is pending. Counterparty's instruction is a preadvice (i.e. matching only...).
PREA	Preadvice instructed	Settlement is pending. Your instruction is a preadvice (i.e. matching only...).
REFS	Not in Good Order	The delivery/receipt refused because the physical securities are not in good order.
REGT	Certificates Rejected	Certificates have been lodged with the registrar but rejected due to incomplete documentation or foreign ownership Limitation reached.
REFU	Instruction Refused/Not Recognised	The instruction has been refused or not recognised and is represented automatically.
SBLO	Securities Blocked	Settlement is pending. The securities are blocked (due to corporate action event, re-alignment...).
SDUT	Lack of Stamp Duty Information	The instruction is pending since stamp duty information is lacking.
SETS	Settlement System/Method Modified	The instruction is pending. Settlement system/method has been modified at CSD to allow settlement.
TAMM	Trade Amended in Market	Trade is being amended in the market.
YCOL	Collateral Shortage	Not enough collateral in your account to execute the transaction.

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.
BATC	Processing Batch Rejection	Unrecognised or invalid Processing Batch (i.e. daytime/realtime while only possible to settle in overnight batch).
CADE	Repurchase Call Delay Rejection	Unrecognised or invalid repurchase call delay.
CAEV	Corporate Action Rejection	The transaction is rejected due to corporate action on the financial instrument instructed.
CASH	Cash Account Rejection	Unrecognised or invalid cash account.
CASY	Impossible Cash Settlement System	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	Quantity Rejection	Unrecognised or invalid settlement quantity.
DSEC	Security Rejection	Unrecognised or invalid financial instrument identification (i.e. 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	Receiving or Delivering Custodian Rejection	Unrecognised or invalid receiving or delivering custodian.
IEXE	Buyer or 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.
LATE	Too Late	The instruction has been rejected for further processing as your instruction is too late for the settlement date specified.
LEOG	Letter of Guarantee Indicator Rejection	Unrecognised or invalid letter of guarantee indicator instructed..
MINO	Minimum Settlement Amount	The securities amount is lower than the minimum existing settlement amount for the instructed financial instrument.
MISM	Invalid Requested Message Type	ONLY for SPRC status. The MT549 statement/status advice request cannot be executed. The message type requested is not valid for the message reference or statement period concerned (i.e. MT548 requested for a settled transaction, MT537 requested for a future statement period, etc.).
MUNO	Multiple Settlement Amount	The securities amount is not a multiple of an existing settlement amount available for the instructed financial instrument.
NARR	Narrative	Other (see reason narrative).
NCRR	Settlement Amount Currency Rejection	Unrecognised or invalid settlement amount currency.
NRGM	No Match	The cancellation request has been rejected since more than one instruction match to the cancellation criteria.
NRGN	Not Found	The cancellation request has been rejected since the instruction could not be found.
PHYS	Physical settlement impossible	Physical settlement is impossible for the instructed financial instrument.
PLCE	Place of Trade Rejection	Unrecognised or invalid place of trade.
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.
TERM	Closing Date/Time Rejection	Unrecognised or invalid closing date/time.
RERT	Repurchase Rate Type Rejection	Unrecognised or invalid repurchase rate type.
RSPR	Repurchase Spread Rate Rejection	Unrecognised or invalid repurchase spread rate.
RTGS	Impossible to use the RTGS system instructed	It is not possible to use the RTGS system instructed (NRTG or YRTG).
SAFE	Safekeeping Account Rejection	Unrecognised or invalid message sender's safekeeping account.
SETR	Settlement Transaction 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.
TXST	Tax Status Rejection	Unrecognised or invalid tax status of the securities instructed.
VASU	Variable Rate Support Rejection	Unrecognised or invalid variable rate support (repo).

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.
CANT	Cancelled due to Transformation	Your original instruction has been cancelled and replaced due to a Corporate Action.
CANZ	Cancelled due to Split/Partial Settlement	Your original instruction has been cancelled and replaced to allow a partial or split settlement.
CSUB	Cancelled by Agent	The instruction has been cancelled by the agent.
NARR	Narrative	Other (see narrative reason).

CODES

If Qualifier is NMAT 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. Processed on best effort basis.
CADE	Disagreement Repurchase Call Delay	The instruction has not been matched because the repurchase call delay does not match.
CLAT	Counterparty too late for Matching	The instruction has not been matched. Counterparty's instruction was too late for matching.
CMIS	Matching Instruction Not Found	The instruction has not been matched; the matching instruction from your counterparty could not be found.
CPCA	Counterparty Cancelled Instruction	Your instruction is unmatched. Your counterparty has cancelled their instruction.
DDAT	Disagreement Settlement Date	The instruction has not been matched; the counterparty disagrees with the settlement date/time.
DDEA	Disagreement Deal Price	The deal price does not match.
DELN	Disagreement Direction of Trade	The instruction has not been matched; the counterparty expects a delivery from you, not a receipt, or vice versa.
DEPT	Disagreement Place of Settlement	The instruction has not been matched; the counterparty disagrees with the place of settlement.
DMON	Disagreement Settlement Amount	The instruction has not been matched; the counterparty disagrees with the settlement amount.
DQUA	Disagreement Quantity	The instruction has not been matched; the counterparty disagrees with the quantity of securities.
DSEC	Disagreement Security	The instruction has not been matched; the counterparty disagrees with the security/issue (i.e. ISIN differs, Financial Instrument Attributes differs...).
DTRA	Not Recognised	The instruction has not been matched; the counterparty has been contacted or has contacted us. Counterparty does not recognise the transaction.
DTRD	Disagreement Trade Date	The instruction has not been matched; the counterparty disagrees with the trade date.
FORF	Disagreement Forfeit Repurchase Amount	The forfeit repurchase amount does not match.
FRAP	Disagreement Payment Code	The instruction is unmatched because the wrong instruction was sent; your instruction is free, counterparty is against payment or vice versa.
ICAG	Incorrect Agent	The instruction has not been matched; incorrect delivering or receiving agent. (counterparty is incorrect).
ICUS	Disagreement receiving or delivering custodian	The instruction has not been matched; incorrect delivering or receiving custodian.
IEXE	Incorrect Buyer or Seller	The instruction has not been matched; incorrect buyer (receiver) or seller (deliverer).
IIND	Disagreement common reference	The instruction has not been matched; the 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.
LATE	Your Instruction Too Late for Matching	The instruction has not been matched. Your instruction was too late for matching.
LEOG	Disagreement Letter of Guarantee Indicator	The instruction has not been matched, the counterparty is for settlement through L/G, your instruction is not, or vice versa.
NARR	Narrative	Other (see narrative reason).
NCRR	Disagreement Currency Settlement Amount	The instruction has not been matched; the counterparty disagrees with the currency of the settlement amount.
NMAS	No Matching Started	The instruction has not been matched; the matching process did not yet start.
PHYS	Disagreement Physical settlement	The instruction has not been matched. The 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 Instruction	The instruction has not been matched. It is a possible duplicate instruction.
REGD	Disagreement Registration Details	The instruction has not been matched; there are 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 Repurchase 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	The instruction has not been matched. The counterparty is for RTGS settlement system, you are for non-RTGS, or vice versa.
SAFE	Disagreement Safekeeping Account	The safekeeping account used as matching criteria on the market concerned (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	Settlement transaction type does not match (relates to the settlement transaction type codes available for sequence E field 22F, qualifier SETR).
SETS	Disagreement Settlement System/Method	The instruction has not been matched; the counterparty disagrees with the settlement system/method instructed (ex: Instruction is to settle using settlement system/method A, 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	The instruction has not been matched, because of a disagreement on the tax status of the securities to be settled.
VASU	Disagreement Variable Rate Support	Variable rate support does not match (repo).

CODES

If Qualifier is PENF 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. Processed on best effort basis.
AWMO	Awaiting Money	Securities delivered, but still awaiting money from counterparty.
AWSH	Awaiting Securities from Counterparty	The securities have not been received yet from the counterparty.
BATC	Processing Batch Difference	The settlement is failing. The processing batch differs in the counterparty's instruction, e.g. daytime/realtime versus overnight.
BENO	Beneficial Ownership Disagreement	Disagreement in beneficial ownership.
BLOC	Account Blocked	Your account is blocked, no instruction can settle over the account.
BYIY	Buy-in Procedure	A buy-in procedure has started on the market (on your behalf if your instruction is a receipt, by the counterparty if your instruction is a delivery).
CAIS	Awaiting Securities	Awaiting securities from corporate action issue or other procedures, eg, conversion, dematerialisation, exchange, registration, stamping, splitting, etc.
CANR	Cancellation/confirmation request	The instruction was in suspense. The suspense period is finished so your cancellation or confirmation of instruction is required.
CERT	Wrong Certificate Numbers	Certificate number error.
CHAS	Enquiry Sent	Chaser/enquiry sent to agent or depository.
CLAC	Counterparty Insufficient Securities	Insufficient deliverable securities in counterparty's account or counterparty does not hold the securities.
CLAT	Counterparty too late for Settlement	Counterparty's instruction was too late for settlement (i.e. received too late, matching or settlement problems solved too late).
CLHT	Clearing House Trade	Instructed Settlement date does not agree with the settlement date on the Clearing House trade i.e. a specific type of trade in India.
CMON	Counterparty Insufficient Money	Insufficient money in counterparty's account.
COLL	Securities Pledged as Collateral	The securities are not deliverable as they are pledged as collateral.
CPEC	Counterparty In Receivership	Settlement is failing. The counterparty is in receivership (form of bankruptcy where a court appointed person (the receiver) manages the affairs of the business).
CYCL	Awaiting Next Settlement Cycle	Your instruction is confirmed in the local market or is ready for settlement, awaiting next settlement cycle.
DENO	Unavailable Deliverable Denominated Quantity	The quantity instructed does not match the denomination available/deliverable. Physical securities need to be obtained in deliverable denominated quantities.
DEPO	Refused Deposit for Issue of Depositary Receipts	The deposit of shares for the issuing of Depositary Receipts has been refused. The allotment for Depositary Receipts granted by the issuer is exceeded by your transaction.
DISA	Natural disaster	The settlement is failing because of the exceptional closing of all financial institutions due to natural disaster (typhoon, flooding, earthquake, hurricane, etc).
DKNY	Counterparty Returned Shares	The counterparty has returned or refuses the securities.
DOCC	Awaiting Documents/Endorsements from Counterparty	Awaiting documents or endorsements from counterparty.
DOCY	Awaiting Documents/Endorsements from You	Awaiting documents or endorsements from you.
FLIM	Maximum Foreign Limit Reached	Insufficient deliverable securities in your account as maximum foreign limit has been reached.
FROZ	Securities Frozen At CSD	Delivery is failing due to securities being blocked at the CSD following a Corporate Event.
GLOB	Global Form Securities	Settlement is failing. Securities are in global form.
GUAD	Guaranteed Delivery Indicator Difference	Settlement is failing. The guaranteed delivery indicator differs in the counterparty's instruction.
IAAD	Status Reason Investigation	Failing reason being investigated.
INCA	Income Adjustment Required	The securities require income, eg, dividend or interest, adjustment.
LAAW	Awaiting Other Transaction	Awaiting settlement of a covering purchase. The delivery instruction fails due to a pending/failing covering purchase.
LACK	Lack of Securities	Insufficient deliverable securities in your account.
LALO	Securities are Loaned Out	Insufficient deliverable securities in your account as they are loaned out.
LATE	Market Deadline Missed	Instruction was received after market deadline.
LATE	Too Late for Settlement	Your instruction was too late for settlement (i.e. received too late, matching or settlement problems solved too late).
LINK	Pending Linked Instruction	Your instruction is failing settlement because the instruction linked to it is pending/failing.
MINO	Minimum Settlement Amount	The securities amount is lower than the minimum existing settlement amount for the instructed financial instrument.
MLAT	Money/Securities too late for Settlement	The covering money/securities were received too late for completing settlement on a same day basis.
MONY	Insufficient Money	Insufficient money in your account.
MUNO	Multiple Settlement Amount	The securities amount is not a multiple of an existing settlement amount lot for the instructed financial instrument.
NARR	Narrative	Other (see narrative reason).
NCON	Confirmation Not Received	The settlement confirmation has not been received yet.
NEWI	New Issues	The securities are new issues and not yet available/tradable.
NOFX	No Foreign Exchange Instruction	A foreign exchange instruction from you is missing.
OBJT	Under Objection	The shares are stolen, in dispute, under objection, etc.
PART	Trade settles in Partials	The trade will settle in partials.
PHCK	Physical Securities in Verification Process	Physical shares have been received. Are being checked for authenticity.
PHSE	Physical Delivery Delay	The settlement is physical. Securities are being delivered.
PRCY	Counterparty instructed preadvise	Settlement is failing. Counterparty's instruction is a preadvice (i.e. matching only...).
PREA	Preadvice instructed	Settlement is failing. Your instruction is a preadvice (i.e. matching only...).
REFS	Not in Good Order	The delivery/receipt refused because the physical securities are not in good order.
REGT	Certificates Rejected	Certificates have been lodged with the registrar but rejected due to incomplete documentation or foreign ownership Limitation reached.
SBLO	Securities Blocked	Settlement is failing. The securities are blocked (due to corporate action event, re-alignment, etc.).
SDUT	Lack of Stamp Duty Information	The instruction is failing since stamp duty information is lacking.
STCD	Confirmation Discrepancy	There is a discrepancy in the settlement confirmation.
SETS	Settlement System/Method Modified	The instruction is pending. Settlement system/method has been modified at CSD to allow settlement.
YCOL	Collateral Shortage	Not enough collateral in your account to execute the transaction.

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):

ADEA	Account Servicer Deadline Missed	Instruction was received after the account servicer's deadline.
DCAN	Denied Since Already Cancelled	The cancellation request has been denied since the instruction has already been cancelled.
DCAL	Call Denied Since Already Applied	The repo call request is denied since another call already applies.
DFOR	Denied since not allowed	The repo call request is denied. Call not allowed on the concerned repo (out of delay...).
DPRG	Denied Since in Progress	The cancellation request/repo call request has been denied because the process of settlement is in progress.
DREP	Denied Since Repo Ended	The cancellation request has been denied because the repo is cancelled.
DSET	Denied Since Already Settled	The cancellation request/repo call request has been denied since the instruction has already settled.
LATE	Market Deadline Missed	Instruction was received after market deadline.
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):

ADEA	Account Servicer Deadline Missed	Instruction was received after the account servicer's deadline. Processed on best effort basis.
NARR	Narrative	Other (see narrative reason).
SMPG	Market Practice Rule discrepancy	The transaction is accepted but does not comply with the market practice rule published for the concerned market or process.

CODES

If Qualifier is CANP 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. Processed on best effort basis.
NARR	Narrative	Other (see narrative reason).
CONF	Awaiting Confirmation	Awaiting confirmation of cancellation from the counterparty.

NARR	Narrative	Other (see narrative reason).
CONF	Awaiting Confirmation	Awaiting confirmation of cancellation from the counterparty.

CODES

If Qualifier is CACK 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. Processed on best effort basis.
CALR	Being Processed	The repo call request is being processed.
CALI	Issued	The repo call is issued.
CALP	Processed	The repo call is processed.
CALD	In process	The repo call is in process.

CODES

If Qualifier is PPRC 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. Processed on best effort basis.
BLOC	Account Blocked	Your account is blocked, no instruction can settle over the account.
CAIS	Awaiting Securities	Awaiting securities from corporate action issue or other procedures, eg, conversion, dematerialisation, exchange, registration, stamping, splitting etc.
CERT	Wrong Certificate Numbers	Certificate number error.
COLL	Securities Pledged as Collateral	The securities are not deliverable as they are pledged as collateral.
DENO	Unavailable Deliverable Denominated Quantity	The quantity instructed does not match the denomination available/deliverable. Physical securities need to be obtained in deliverable denominated quantities.
DOCY	Awaiting Documents/Endorsements from You	Awaiting documents or endorsements from you.
FLIM	Maximum Foreign Limit Reached	Insufficient deliverable securities in your account as maximum foreign limit has been reached.
GLOB	Global Form Securities	Settlement cannot be executed. Securities are in global form.
LACK	Lack of Securities	Insufficient deliverable securities in your account.
LALO	Securities are Loaned Out	Insufficient deliverable securities in your account as they are loaned out.
MINO	Minimum Settlement Amount	The securities amount is lower than the minimum existing settlement amount for the instructed financial instrument.
MONY	Insufficient Money	Insufficient money in your account.
MUNO	Multiple Settlement Amount	The securities amount is not a multiple of an existing settlement amount lot for the instructed financial instrument.
NARR	Narrative	Other (see narrative reason).
NOFX	No Foreign Exchange Instruction	A foreign exchange instruction from you is missing.
YCOL	Collateral Shortage	Not enough collateral in your account to execute the transaction

USAGE RULES

Using of a settlement status/reason alone means that the transaction is matched (if a matching process exists in the concerned market or at the concerned account servicer).

A pending transaction (PEND) becomes a failing transaction (PENF) on the settlement date instructed in the message, during the end of day reporting.