13.9 Error Codes
Collateralized Participant Details
The following error codes are available for collateralized participant details:Table 13-115 Collateralized Participant Details
| Error Code | Message |
|---|---|
| LB-DDS-000 | Participant/Collateral % ($1) cannot Be null |
| LB-COL-005 | Percentage should be between 0 and 100 |
| LB-COL-006 | Collateral $1 mnemonic is not maintained |
| LB-COL-007 | Collateral $1 contract is yet to be created |
| LB-COL-008 | Collateral percentage is not maintained. |
| LB-COL-009 | Total collateral available amount is going negative. |
| LB-COL-010 | Collateral $1 product is not maintained. |
| LB-COL-011 | Collateral $1 counterparty is not maintained. |
Floor and Ceiling Details
The following error codes are available for base rate propagation/validation of Floor and Ceiling:Table 13-116 Floor and Ceiling Details
| Error Code | Message |
|---|---|
| LB-FLR-036 | Rate is lesser than the Floor defined at Tranche. Do you want to add the difference with the Margin Adjustment component (which is maintained at the tranche level)?. |
| LB-FLR-037 | Rate is greater than the Ceiling defined at Tranche. Do you want to negate the difference of the rate and ceiling value with Margin Adjustment component?. |
| LB-FLR-038 | Margin Adjustment Component cannot be blank. |
| LB-FLR-039 | Floor and Ceiling Maintenance Exists, Flag cannot be Changed. |
| LB-FLR-040 | Floor/Ceiling Propagation not initiated as interest rate is not fixed till the latest floor/ceiling maintenance date |
Markit Trade Settlement
The following error codes are available for validating and handling exceptions for Markit Trade Settlement:Table 13-117 Markit Trade Settlement
| Error Code | Message |
|---|---|
| LB-MKT-01 | Buyer and Seller cannot be same. |
| LB-MKT-02 | Cusip $1 under Markit trade id $2 is in rejected state. |
| LB-MKT-03 | Tranche $1 under the trade id is in rejected state. |
| LB-MKT-05 | Failed in Position Update Notice generation/handoff processing for Markit Trades. |
| LB-MKT-06 | Failed in validating the conditions to block the current events for the contract. |
| LB-MKT-07 | Participant Transfer PositionUpdateNotice sent to Markit and participant transfer is pending for processing in Agency for Tranche $1. Operation Not Allowed. |
| LB-MKT-08 | SyndicatedLoanTradeNoticeAgent/ TradeMatchNotice messages not received earlier for Markit Trade Id $1. Cannot process TradeUpdateNotofication. |
| LB-MKT-09 | Markit Trade id received is already closed in agency confirmation browser. |
| LB-MKT-10 | Markit Trade Identifier maintenance not exists. |
| LB-MKT-11 | Markit Trade id not found in tag list. |
| LB-MKT-12 | More than one Markit trade Id found in the tag value. Message Rejected. |
| LB-MKT-13 | SyndicatedLoanTradeAllocation message not received earlier for Markit Trade Id /Allocation id. |
| LB-MKT-35 | Markit trade id $1 is already in Cancelled/Removed state. |
| TL-MKT-38 | TradeMatchNotice/SyndicatedLoanTradeAllocation message not received earlier for Markit Trade Id $1. Cannot process SettlementDetailsNotice. |
| TL-MKT-39 | Earlier closed allocations are not part of the current allocation message. |
| TL-MKT-40 | Markit Trade Id $1 has been replaced by Markit Trade Id $2. |
| TL-MKT-41 | Allocation id $1 is already settled under Markit Trade Id $2. |
| TL-MKT-42 | TradeMatchNotice not allowed after one of the previous allocation is closed. Suspension should come first. |
| TL-MKT-43 | Settlement detail should come allocation wise, once allocation message has already been received. |
| TL-MKT-44 | Allocation Messages yet to be received for Markit trade id $1 after Suspension. |
Back Valued Transactions
System gives an override message during the following transactions:- Participant transfer before Payment.
- Participant transfer before a drawdown booking.
- Participant transfer with new investor before a drawdown booking.
- Drawdown booking before a Participant transfer value date.
- Participant transfer before another Participant transfer.
- Principal increase(Value dated amendment) of a Drawdown before Participant transfer.
- Participant transfer before Principal increase(Value dated amendment) of a Tranche.
- Participant transfer before Drawdown liquidation and Principal increase(Value dated amendment).
- Participant transfer before Fee liquidation (Non-UserInput).
Table 13-118 Back Valued Transactions
| Error Code | Message |
|---|---|
| MS-FPML-120 | This back valued transaction has an impact on Participant position. Please regenerate FpML Position update message manually from Adhoc screen. |
| MS-FPML-121 | Drawdown and/or Participant selection is already done for Position update notice, changing Notice name deletes these details |
| MS-FPML-201 | Please save/cancel the current record and move to the next record. |
| MS-FPML-202 | User can unlock only the records with processing status as Failed/Enrich/ Pending Authentication. |
| MS-FPML-203 | Processing Status $1. |
| MS-FPML-204 | Error while getting the Margin Component. |
| MS-FPML-206 | $1 is lesser than the $2 Value Date. |
| MS-FPML-207 | $1 is greater than the $2 Maturity Date. |
| MS-FPML-208 | Value Date $1. |
| MS-FPML-209 | $1 is greater than Tranche available amount. |
| MS-FPML-210 | $1 is not allowed. |
| MS-FPML-211 | Start Date $1. |
| MS-FPML-212 | Effective Date $1. |
| MS-FPML-213 | $1 is not same to each other. |
| MS-FPML-214 | Payment Date $1. |
| MS-FPML-215 | Sum of Principal and Interest payment Amount of Parent contract is not equal to sum of Amount of all Child contracts. |
| MS-FPML-216 | $1 cannot be changed, when $2 is already changed from $3. |
| MS-FPML-217 | Fee Type is invalid. |
| MS-FPML-218 | Difference in scheduled $1 amount is greater or less than the threshold of $1 |
| MS-FPML-220 | This message Id is already processed. Please Reverse the subsequent Agency event and reprocess. |
| MS-FPML-221 | The SSI mnemonic maintained at the tranche for the $1 is of type ALL. |
| MS-FPML-222 | $1 details are missing. |
| MS-FPML-223 | $1 rate fixing is already done for the period $2 |
| MS-FPML-224 | overlapping $1 rate fixing schedules are not allowed |
Free Format Messages
The following error codes are applicable for Payment Notice and Payoff Notice:| Error Code | Error Message |
|---|---|
| MS-FFT003 | Select appropriate property linked to the contract. |
| MS-FFT004 | Property maintenance does not exist for the contract. |
| MS-FFT005 | Payoff Notice billing date cannot be past dated. |
| MS-FFT006 | Payment Notice billing date cannot be future dated. |
Late Payment Charges
The following error codes are applicable for late payment charges:Table 13-119 Late Payment Charges
| Error Code | Error Message | Type |
|---|---|---|
| CS-WVR-001 | Penalty Waiver Details need to be captured. | E |
| CS-WVR-002 | Amendment is not allowed on the Reversed Transactions. | E |
| CS-WVR-003 | Transaction did not happen from here, amend it from appropriate screen. | E |
| CS-WVR-004 | Transactions can be saved only with waive flag selected. | E |
| CS-WVR-005 | Prior schedules are unpaid for this component. Please pay/ waive all such schedules before proceeding. | E |
| LF-CL0021 | For the given amount category, Accrual Required flag should be set to N. | E |
| LB-CON-315 | Grace days for the drawdown is defaulted from the tranche contract. | O |
| CS-WVR-006 | Reversal of Waiver not allowed as nothing is due on the given due date. | E |
| CS-WVR-007 | Reversal not allowed, Latest due date should be reversed first. | E |
| CS-WVR-008 | Later schedules are waived for this component. Please reverse waiver for all such schedules before proceeding. | E |
Named Agents
The following error codes are applicable for Named Agents:Table 13-120 Named Agents
| Err Code | Error Message |
|---|---|
| ST-MNT-017 | Expense code already mapped to another Named agent |
| ST-MNT-018 | Active Tranche for the Named Agent exists. Closure not allowed |
| ST-MAN01 | Expense Code Cannot Be NULL |
| ST-MAN01 | Proof Code Cannot Be NULL |
| ST-MAN01 | Named Agent Cannot Be NULL |
UCC Processing
The following error codes are available for UCC processing of disclosure codes and contract disclosure schedule.Table 13-121 Error Code
| Error Code | Description |
|---|---|
| LB-DSC-017 | Expiry Date cannot be less than Application Date |
| LB-DSC-018 | Expiry Date is Mandatory if UCC code is selected |
| LB-DSC-019 | Expiry Date is propagated to UCC linked contracts upon authorization, do you wish to continue? |
| LB-DSC-022 | Contract Disclosure schedule for $1 is being amended by another user; expiry date is not propagated |
| LB-DSC-028 | Expiry Date is not propagated to contracts, do you wish to continue? |
| LB-DSC-031 | Multiple schedules are not allowed for UCC disclosure codes |
| LB-DSC-032 | End date cannot be lesser than Start date |
| LB-DSC-033 | Cannot delete the schedule for UCC disclosure codes |
Marking Contracts as Liquidated
The following error codes are available for marking the status of a tranche or drawdown contract from Active to Liquidated.Table 13-122 Error codes
| Error Code | Error Message |
|---|---|
| OL-PMT305 | Active Drawdowns exist for the Tranche. Liquidation not allowed. |
| OL-PMT306 | Contract will be liquidated. Proceed? |
| OL-PMT307 | Maturity date is greater than application date. Liquidation not allowed. |
| OL-PMT308 | Validation for marking the liquidation is failed. |
| OL-PMT309 | Principal Outstanding/amount due balance still exists. Liquidation not allowed. |
| OL-PMT310 | Active STP contract exists. Liquidation not allowed. |
| OL-PMT311 | The escrow balances linked to this contract is not zero. Liquidation not allowed. |
| OL-PMT312 | Principal Outstanding/amount due balance still exists for the participant contract. Liquidation not allowed. |
| OL-PMT313 | Pending STP contract yet to be processed. Liquidation not allowed. |
Deal Definition Notice
The following codes are available for Deal Definition Notice:Table 13-123 Error Code
| Error Code | Error Description | Error Type |
|---|---|---|
| MS-FPML-132 | Failed in generating Deal definition Notice. | E |
| MS-FPML-133 | Failed to get the TransferFee details. | E |
| MS-FPML-134 | Failed in populating co borrower details. | E |
| LB-ASN-001 | Issuing Bank Sublimit amount should not be greater than $1. | E |
| LB-ASN-002 | Currency and Amount are mandatory. | E |
Media Details
The following error codes are available for media:Table 13-124 Error Code
| Error Code | Error Description | Error Type |
|---|---|---|
| ST-ENT053 | Media Cannot be NULL for $1. | E |
| ST-ENT055 | $1 is not checked in Customer Entity Screen. | E |
| ST-ENT056 | Media Maintenance is required for Participant $1. | E |
| ST-ENT057 | No message type is available for the media $1. | E |
| ST-ENT058 | Media Order maintenance needs to be revisited for entity $1. | E |
Sanction Screening
The following error codes are available for Sanction Screening:Table 13-125 Error Code
| Error Code | Error Description | Error Type |
|---|---|---|
| LB-FW-018 | Confirmation not possible for status code 03. | E |
| LB-FW-019 | Resend possible only for status code 04, 05 and, 06. | E |
| LB-FW-020 | Status code of the current message is $1 and not -1(Complete), Do you still want to proceed with confirmation? | O |
HFS Transfer
The following error codes are available for HFS transfer:Table 13-126 Error Code
| Error Code | Error Description |
|---|---|
| LB-HFS-001 | Participant should be Self and portfolio should be Origination HFS. |
| LB-HFS-002 | HFS Transfer and Sale Flag is unchecked at Loans parameter Level so cannot select the HFS Transfer Flag. |
| LB-HFS-003 | Position mismatch between agency and origination for the HFI portfolio |
| LB-HFS-004 | Negative VAMI on loan contract is not allowed if HFS Transfer is deselected. |
| LB-HFS-005 | Participant Transfer with multiple Participant is not allowed during HFI to HFS Transfer. |
| LB-HFS-006 | HFS Transfer will be allowed only between origination HFI and HFS desk participants and only if HFS Transfer Flag is selected. |
| LB-HFS-007 | Transfer To Participant should belong to Origination HFS desk. |
| LB-HFS-008 | $1 Participant is not a self participant. |
| LB-HFS-009 | Transfer Price in HFS Transfer cannot be null. |
| LB-HFS-010 | HFS Transfer and sale parameter not selected at loan parameter level. |
| LB-HFS-011 | HFS Transfer, Manual intervention is required. |
| LB-HFS-012 | Open Trade exist for the combination of CUSIP and portfolio, PRAM cannot be processed. |
| LB-HFS-013 | HFS Transfer Flag is not selected at the product level. Cannot save the Record. |
| LB-HFS-014 | Origination HFS Desk Product is not maintained. |
| LB-HFS-015 | Failed in population of COC balances during HFS Transfer. |
| LB-HFS-016 | Failed in calculation of Cost Basis. |
| LB-HFS-017 | Failed in Validating Position for the Participant. |
| LB-HFS-018 | PRAM Date beyond latest liquidation date of Drawdown. |
| LB-HFS-019 | PRAM Date is beyond latest VAMI date |
| LB-HFS-020 | Transfer Mark Fee Liquidation has not happened on the commitment. Do you want to proceed? |
| LB-HFS-021 | Please enter only 10 decimal digits. |
CUSIP Swing
The following error codes are available for CUSIP swing.Table 13-127 Error Code
| Error Code | Error Description |
|---|---|
| LB-TRN-035 | Unprocessed or failed commitment reduction record exists which is not handed off to LQT for the old CUSIP. |
| LB-TRN-036 | Position mismatch exist on CUSIP between Agency and Trading. CUSIP update not allowed. |
Participant Margin Maintenance
The following error codes are available for participant level margin maintenance on Tranche and Drawdown contracts.Table 13-128 Error Code
| Error Code | Error Message |
|---|---|
| LB-PTR-03 | Participant transfer is not allowed as Transferor and Transferee margin rates do not match. |
| LL-PAR-006 | Margin history is not available for $1. |
| LB-FLR-041 | Floor/Ceiling is not applicable with margin for lender functionality.Do you want go ahead with removing the $1. |
| LB-PMAR-004 | Margin Rate is captured for the Participants at the Tranche level, hence cannot perform NPVAMI. |
| LB-RPS-25 | Reprice instructions are not allowed for drawdown/tranche $1/$2 as participant margin is already captured at the tranche. |
| LB-PMAR-007 | Participant margin maintenance not allowed on tranche $1 as reprice is already captured for underlying Drawdown(s). |
| LB-DDS-048 | Partial payment flag is unchecked as it should be unchecked in order to maintain the participant margin. |
| LB-PPMT-11 | Int/Fee Distribution value is changed from Lender of Actuals(LOA) to Lender of Records(LOR). All margin maintenance done for the participants will be deleted. |
| LB-PMAR-009 | Participant margin maintenance not allowed on tranche $1 having active Partial Interest Payments on underlying Drawdowns. |
| LB-PMAR-012 | Cascade participation flag has been unchecked. All the participant maintenance will be deleted. Do you want to proceed?. |
| LB-PMAR-017 | There is a mismatch in borrower and participant margin. Please visit the margin maintenance again. |
| LB-MAR-002 | Please visit the margin maintenance. |
| LB-NPB-008 | Nonprorata distribution is not allowed as participant margin is already maintained for drawdown/tranche $1/$2. |
| LB-PMAR-018 | Margin Rate is captured for the Participants at the Tranche level, hence Participant Ratio cannot be changed. |
| LB-PA-141 | Margin Rate is captured for the Participants at the Tranche level, hence cannot enter Consolidated transfer instructions. |
| LB-MAR13 | Uninitiated Transfer Instructions already existing in the tranche,do you want to continue?. |
| LB-MAR14 | Participant margin cannot be amended for an effective date falling beyond PRAM date. |
FATCA
The following error codes are available for FATCA:Table 13-129 Error code
| Error code | Error Description | Type |
|---|---|---|
| TA-FAT-001 | Waiver Flag Changed, manually waiver flag has to be changed at tranche level. | O |
| TA-FAT-002 | GrandFathered Flag Changed. Do you want to Proceed?. | D |
| TA-FAT-003 | Grandfathered change Effective Date is Mandatory. | E |
| TA-FAT-004 | Failed in checking the Grandfathered, fatca and chapter3 flag for processing of tax. | E |
| TA-FAT-005 | Authorisation failed as Tax Group $1 is unauthorised for the customer $2. | E |
| TA-FAT-006 | Failed in customer and Tax values synchronization. | E |
| ST-CUS72 | Going to update the tax rule,as maintenance already exists with old values. Do you want to proceed? | O |
| TA-1010 | Rule attached to a group, Can be created only from the group. | E |
| TA-1011 | Special tax type is mandatory. | E |
| TA-1012 | Rule attached to a group. Please detach it first. | E |
| TA-1013 | Please attach the rule to the group first in mapping screen. | E |
| MS-FFT008 | Failed in getting the Customer/Entity details. | E |
| ST-CUS70 | Unable to generate reference number for the customer $1. | E |
| TA-FAT-007 | Net Allocation percentage is not 100% for Month-$1 and year-$2 for customer $3. | E |
| TA-FAT-008 | Some of the already Mapped tax Rules are not Maintained under the Tax group. Rates for the missing rules will not be in Sync. | O |
| TA-FAT-009 | Tax Rule is Mapped under a Tax Group. Cannot Unlock. | E |
| TA-FAT-010 | Enter a Valid Month in MON format. | E |
| TA-FAT-011 | Grandfathered Change Effective Date should be application date. | E |
| TA-FAT-012 | Special Characters not allowed for $1. | E |
| TA-FAT-013 | $1 is unauthorized.Please Authorise to Proceed. | E |
| TA-FAT-014 | $1 rule already mapped to a group. | E |
| TA-FAT-015 | Cust Tax Group is NULL for the customer. Cannot Authorise. | E |
| TA-FAT-016 | Customer id does not exist or is in unauthorized state. | E |
| TA-FAT-017 | Tax Rule Code is not maintained as a group in Tax Group Type Maintenance. | E |
| TA-FAT-018 | $1 cannot go beyond 999 for a customer. | E |
| TA-FAT-019 | Linked to Tax Group checkbox can Only be Checked for ALL ALL combination of rule. | E |
| TA-FAT-020 | Data element is attached to Customer or underlying partner. Cannot Delete. | E |
| TA-FAT-021 | Failed in Group to Rule Propagation. | E |
| TA-RL016 | Overlapping Rules not allowed. | E |
| TA-FAT-022 | Tax Waiver Flag Changed.Do you want to Proceed?. | E |
| TA-FAT-023 | Chapter3/Fatca waiver maintenance is either missing or closed/unauthorised. Defaulting is not done. | O |
| TA-FAT-024 | Cannot Close the customer as underlying partners are not closed yet. | E |
| TA-FAT-025 | Cannot reopen the partner as Customer are not reopened yet. | E |
| TA-FAT-026 | Cannot delete the partner as underlying partner still exists. | E |
| TA-FAT-027 | Special Tax Type Of Tax rule $1 is not same. | E |
| TA-FAT-028 | Special Tax Type of this Tax is not Unique. | E |
Parent topic: Appendix A – Events, Advices and Accounting Entries