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Settlement status codes

CPCA: Counterparty Cancelled Instruction

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CPCA means your instruction is unmatched because the counterparty has cancelled its own instruction.

Code
CPCA
Kind
Reason (24B)
Used with
NMAT

What CPCA means

With :24B::NMAT//CPCA there used to be a counterparty instruction, but it has been cancelled. Your instruction is still live and now has nothing to match against.

The counterparty may be about to send a corrected instruction, or the trade may have been cancelled at the front office.

When you see it

  • After the counterparty corrected an error by cancelling and re-instructing, or after a trade cancellation that has not yet reached your side.

What to do next

  • Ask the counterparty whether a new instruction is coming or the trade is cancelled.
  • If the trade is cancelled, cancel your instruction too (:23G:CANC) and wait for CAND.

Where it appears in MT and ISO 20022

MT (ISO 15022)

  • MT548 sequence A2a, :24B::NMAT//CPCA
  • MT537 sequence B1 or C3a, :24B::NMAT//CPCA

MX (ISO 20022)

  • sese.024 MtchgSts/Umtchd/Rsn/Cd/Cd = CPCA (sese.024.001.12)