| ISO20022

MT507: (14) Field 24B: Reason Code

Option B

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

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

Optional in mandatory sequence A

(Error code(s): T89)

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

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.

If Qualifier is REJT and Data Source Scheme is not present, Reason Code must contain one of the following codes:

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.

If Qualifier is CAND and Data Source Scheme is not present, Reason Code must contain one of the following codes:

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.

If Qualifier is DEND and Data Source Scheme is not present, Reason Code must contain one of the following codes:

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