| ISO20022

MT558: (15) Field 24B: Reason Code

Option B

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

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

Mandatory in optional subsequence A2a

(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	NMAT	N	B	Unmatched Reason
	or	PEND	N	B	Pending Reason
	or	REJT	N	B	Rejection Reason
	or	CANP	N	B	Pending Cancellation Reason

This qualified generic field specifies:

CAND	Cancellation Reason	Specifies the reason why the instruction is cancelled.
CANP	Pending Cancellation Reason	Specifies the reason why a cancellation request sent for the related instruction is pending.
DEND	Denied Reason	Specifies the reason why the request was denied.
NMAT	Unmatched Reason	Specifies the reason why the instruction has an unmatched status.
PEND	Pending Reason	Specifies the reason why the cancellation or replacement has a pending status.
REJT	Rejection Reason	Specifies the reason why the instruction/request has a rejected status.

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 settlement system.
CSUB	Cancelled By Agent	Instruction has been cancelled by the agent.
EXPI	Expired	Instruction has expired.
NARR	Narrative Reason	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:

DCAL	Call Denied Since Applied	Request was denied since another request applies.
DCAN	Denied Since Cancelled	Request was denied since the instruction has been cancelled.
DFOR	Denied Since not Allowed Request was denied	Call not allowed on the concerned repo, for example, out of delay.
DPRG	Denied Since in Progress	Request was denied because the process of settlement or processing is already in progress.
DREP	Denied Since Repo Ended	Request was denied because the transaction has already reached the end of its lifecycle.
DSET	Denied Since Settled	Request was denied because the instruction was settled or executed.
LATE	Market Deadline Missed	Received after market deadline.
NARR	Narrative Reason	See narrative field for reason.

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

CPCA

Cancelled by Counterparty

Counterparty cancelled their instruction.

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

FUTU	Future	All checks relative to the instruction are successful.
PRCY	Counterparty Instruction on Hold	Counterparty's instruction is on hold/frozen/in a preadvice mode.
PREA	Your Instruction on Hold	Your instruction is on hold/frozen/in a preadvice mode.
PRSY	On Hold by System	The transaction was put on hold by the system.

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

CURR	Currency Code Invalid	The Currency code is invalid or is not acceptable to the service provider.
DDAT	Settlement or Execution Requested Date Rejection	Invalid settlement or execution requested date.
DTRD	Trade Date Rejection	Trade Date is missing or invalid for the instruction.
NARR	Narrative Reason	See narrative field for reason.
PTYR	Party Rejection	One or more party is not valid, unknown or not authorized to instruct.
REFE	Reference Rejection	One or more references are missing, invalid or unknown in the system for the instruction.
RERT	Rate Rejection	Rate is missing or invalid for the instruction.
TERM	Closing Date Rejection	Invalid closing date.
TRXR	Transaction Rejection	The transaction could not be found or could not be uniquely defined.
TRXT	Transaction Type Invalid	The type of transaction is not valid or authorized.

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

CONF

Awaiting Confirmation

Awaiting confirmation of cancellation from the counterparty.

For qualifiers REJT and DEND:

If code NARR is used, fields 70D in Seq A2a must be filled in.