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MT509 - Trade Status Message Clarification of Status & Reason Codes Chart Flows

Clarification of status codes for trade processes in MT509 messages, explaining order, cancellation, and replacement status flows in trade reporting.

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MT509 - Trade Status Message Clarification of Status & Reason Codes Chart Flows

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  1. MT509 - Trade Status Message Clarification of Status & Reason Codes Chart Flows Note: the purpose of this document is to clarify the usage of the status codes. The statuses are represented as part of logical sequences linked to the processes. The document only explains all the possible flows. It does not mandate the use of all of them.

  2. Instructing Party Executing Party Advise status of an order Advise status of an order cancellation request Advise status of an order replacement request 1 - MT509 - Trade Status Overview (in context of MT502 through MT515) • Purpose • To advise the status of an order (Function of the message: INST) • or as a reply to a cancellation request previously sent by the Instructing party (Function of the message: CAST) • or as a reply to a replacement request previously sent by the Instructing party (Function of the message: REST) • Players • This message is sent by an Executing Party to an Instructing Party • The Executing Party may be: • a broker, • a Market Infrastructure (e.g. a Stock Exchange), • an ETC service provider, • a Transfer Agent (e.g. for Investment Funds), • Trigger • Automatic (SLA) • Reply to a MT549

  3. 2 - Decision Chart :New order - Trade Status Reporting MT509: Function of the message INST 25D:: IPRC//CAN1, CAN2, CAN3, NOTC, 25D:: IPRC//Please refer to combination table for possible codes 25D:: IPRC// REJT 24B:: REJT// Please refer to combination table for possible codes Y Accepted for processing ? N Cancellation pending? N Y 25D:: IPRC//CAND, CANO The cancellation status should be provided on the cancellation itself 509 with 23G::CAST (See CAST function of the message N N In repair ? Y Trade Process: No execution at all 25D:: IPRC//REPR By Client? Canceled Y Y N 25D:: IPRC// PACK Trade Process: Full execution SLA options or else just confirmation or execution message EXCH or/and INTE 25D:: IPRC//EXSE 25D:: IPRC//COSE Trade Process: Partial execution Further execution today ? 25D:: IPRC//PAFI Y N Any further execution Remaining Canceled 25D:: IPRC//PART order partially cancelled by N Y Remarks Only one status reported at the time. SR2003 changes SLA decision Y N 25D:: IPRC//DONE 25D:: IPRC//DONF

  4. 3 - Decision Chart : Cancellation Status Reporting MT509: Function of the message CAST Remarks: The RELA reference in the linkage sequence MUST be the reference of a cancellation request With function of the message CAST, only CPRC status is applicable. Cancellation status initiated by a third party should be reported using a MT509 function of the message INST and a IPRC status. SR2003 Changes Cancellation Request Accepted for processing ? 25D:: CPRC// REJT 24B:: REJT// NRGM or NRGN N Y In repair ? 25D:: IPRC// REPR Y N Full Cancellation Possible? N 25D:: CPRC// PARF Y Cancellation Process 25D:: CPRC// PACK Cancellation executed ? 25D:: CPRC// CAND 24B:: CAND// CANI or NARR Y EXCH or/and INTE N 25D:: CPRC// CANP

  5. 4 - Decision Chart : Replacement Status Reporting MT509: Function of the message REST Remarks: The RELA reference in the linkage sequence MUST be the reference of a replacement request With function of the message REST, only RPRC, (MTCH or AFFM) status is applicable. SR2003 changes 25D:: RPRC// REJT 24B:: REJT// Please refer to combination table for possible codes Replacement Request Accepted for processing ? N Y In repair ? Y 25D:: IPRC// REPR N 25D:: RPRC// PACK 25D:: RPRC// DEND EXCH or/and INTE N Replacement Process Replacement possible? Replacement completed ? Y Y 25D:: RPRC// REPL N 25D:: RPRC// PEND

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