semt.001.001.03


semt.001.001.03

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ISO20022 Securities Message Rejection Version 03

 

An account servicer, for example, a registrar, transfer agent or custodian bank, sends the SecuritiesMessageRejection message to the account owner, for example, an investor or its authorised agent, to reject a previously received message on which action cannot be taken. The message may also be sent by an executing party, for example, transfer agent to the instructing party, for example, investment manager or its authorised representative to reject a previously received message on which action cannot be taken.

 

Usage

The SecuritiesMessageRejection message is used for the following reasons:

  • the executing party does not recognise the linked reference, so the executing party cannot process the message
  • the instructing party should not have sent the message.

Reasons that a receiver does not expect a message include no SLA in place between the Sender and
the Receiver. The SecuritiesMessageRejection message must not be used to reject an instruction message that cannot be processed for business reasons, for example, if information is missing in an instruction message or because securities are not available for settlement.

 

Outline

The SecuritiesMessageRejectionV03 MessageDefinition is composed of 3 MessageBuildingBlocks:

 

A. MessageIdentification

Reference that uniquely identifies a message from a business application standpoint.

 

B. RelatedReference

Reference to a linked message that was previously received.

 

C. Reason

Reason to reject the message.

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