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SWIFT ISO 15022 - Code SETS

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Financial acronyms

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 Meanings

  • Disagreement Settlement System/Method: Settlement system/method does not match (for example, instruction is to settle using settlement system/method A. Counterparty expects settlement to occur using settlement system/method B).
  • Settlement System/Method Rejection: Disagreement on settlement system/method instructed.
  • Settlement System/Method Repair: Unrecognised or invalid settlement system/method instructed.
  • Settlement System/Method Rejection: Unrecognised or invalid settlement system/method instructed.
  • Settlement System/Method Modified: Settlement system/method has been modified at CSD to allow settlement.
  • Disagreement Settlement Method/System: Counterparty disagrees with the settlement system/method instructed, for example, Instruction is to settle using settlement system/method A. Counterparty expects settlement to occur using settlement system/method B.

 Usages

Message type
Field number
Tag
MT509
(Trade Status Message)
12
24B (Reason Code)
MT530
(Transaction Processing Command)
28
24B (Reason)
MT537
(Statement of Pending Transactions)
19
24B (Reason)
MT537
(Statement of Pending Transactions)
65
24B (Reason)
MT548
(Settlement Status and Processing Advice)
12
24B (Reason)
MT549
(Request for Statement/Status Advice)
17
24B (Reason)