| ISO20022

MT510: (12) Field 24B: Reason Code

FORMAT

Option B

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

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

PRESENCE

Mandatory in optional subsequence A2a

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	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	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.
PACK	Acknowledged/Accepted Reason	Specifies additional information about the processed instruction.
REJT	Rejection Reason	Specifies the reason why the instruction/request has a rejected status.

CODES

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.
CREG	Cancelled by Issuer/Registrar	Instruction has been cancelled by the issuer/registrar.
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:

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

CODES

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

ADEA	Account Servicer Deadline Missed	Instruction was received after the account servicer's deadline.
BPAR	Business Partner Number Rejection	Unrecognised or invalid Business Partner Number.
BREF	Bank Reference Number Rejection	Unrecognised or invalid Bank Reference Number.
DADR	Address Details Rejection	Address details are incorrect or can not be recognised, for example, unknown city.
DORD	Registration Request Data and Order Rejection	Disagreement between the data on the registration request and the order.
DQUA	Quantity Rejection	Unrecognised or invalid quantity of financial instrument.
DSEC	Financial Instrument Rejection	Unrecognised or invalid financial instrument identification.
LATE	Market Deadline Missed	Instruction was received after market deadline for the registration date specified.
MCER	Missing Certificate	Missing certificate.
MLEG	Missing Legal Power	Missing legal power for transfer.
NARR	Narrative	See narrative field for reason.
NRGN	Not Found	Cancellation has been rejected since the instruction could not be found.
OWNT	Type of Ownership Rejection	Type of ownership indicated is not correct.
REQM	Missing Registration Request	Registration request to be completed by the buyer and to be forwarded to the issuer is missing.
REQW	Wrong Registration Request	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	Registration Reason Rejection	Registration reason indicated is not correct.
SAFE	Safekeeping Account Rejection	Unrecognised or invalid safekeeping account.
SHAR	Shareholder Number Rejection	Unrecognised or invalid Shareholder Number.
SIGN	Signature Rejection	Registration request does not have a valid signature of the owner of the financial instrument.
STAM	Not Stamped or Signed	Financial instrument is not ceded (stamped and/or duly signed).
STAT	Missing Statutes	Missing statutes or commercial register or other legal documents.

CODES

If Qualifier is PACK and Data Source Scheme is not present, Reason Code must contain the following code:

RQWV

Accepted Without Voting Rights

Instruction registration is accepted but the registration is not in full, that is, not with voting rights.

USAGE RULES

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

:25D::IPRC//REJT

:24B::REJT//BPAR