2.7.7 SecuritiesMessageRejectionV02

This topic provides information on SecuritiesMessageRejectionV02.

An account servicer, for instance, a registrar, transfer agent or custodian bank, sends the Securities-MessageRejection message to the account owner, for instance, an investor or its authorized agent, to reject a previously received message on which action cannot be taken.

The message is generated when there is a problem in the incoming Message and it gets rejected. SMR will get generated automatically. This message is generated when the Sender’s DN address does not match with the DN address set up. Or the LOB Schema could not be decided with the responder DN Address.

Swift message will be maintained in the system named as SecuritiesMessageRejectionV03 (semt.001.001.03).

This message will be automatically generated when the system rejects a message for non business reasons.

The message will not be sent out in case of a business rule validation.

This message will be generated automatically if any message is rejected for non business reasons by the system. (If incoming SWIFT message is not supported or if reference is invalid or unrecognized).

This message will contain a following reason code that explains why the message is rejected:

• NALO – Not Allowed Request (for instance, When Incoming swift message type is not supported.)
• REFE – Invalid Or Unrecognized Reference (Incoming message requests like order Cancellation, Order Confirmation Status Report etc., contains an invalid or unrecognized reference number.)

The rejection code NALO will be sent in case the message type received in the instruction is not recognized. For instance, if the message type of the incoming message is sent as setr.047.001.01 (SubscriptionOrderConfirmationCancellationInstructionV01) which is not supported by the system then the system will validate and reject the message. And the SecuritiesMessageRejectionV02 message will contain the rejection code as NALO.

In case of transaction cancellation or transaction confirmation if the reference number passed in the instruction does not match with the original transaction order reference number then the system will display an error which will be stored. Once this error happens system will generate the SecuritiesMessageRejectionV02 which can be viewed in the outgoing message browser.

Incoming Securities Message Rejection

The message can also be an incoming message. In case of incoming message the referenced message status will be updated. The incoming message can be viewed in incoming message browser. The referenced messages are stored in the system.