ZagTrader

Settlement status codes

DDEA: Disagreement Deal Price

Written and maintained by ZagTrader. Last reviewed . How this page is sourced and checked

DDEA points at the deal price in field 90a. Under NMAT the prices differ; under REJT or REPR the servicer cannot accept the price as sent.

Code
DDEA
Kind
Reason (24B)
Used with
NMAT, REJT, REPR

What DDEA means

Under :24B::NMAT//DDEA the deal price in your instruction does not agree with the counterparty’s, in markets where the price is a matching field.

Under :24B::REJT//DDEA or :24B::REPR//DDEA the price is missing, in the wrong format or inconsistent with the price type (percentage, yield, actual amount).

When you see it

  • For bonds when one side quotes a clean percentage and the other a yield or a different number of decimals.
  • When a price is required by the market but left out.

What to do next

  • Compare :90a::DEAL// (sequence B) with the trade confirmation, including the price type code (PRCT, YIEL, ACTU and so on).
  • Agree the price with the counterparty and re-instruct the wrong side.

Where it appears in MT and ISO 20022

MT (ISO 15022)

  • MT548 sequence A2a, :24B::NMAT//DDEA, :24B::REJT//DDEA or :24B::REPR//DDEA
  • The field it refers to: :90a::DEAL// in sequence B of the MT540 to MT543

MX (ISO 20022)

  • sese.024 MtchgSts/Umtchd/Rsn/Cd/Cd, PrcgSts/Rjctd/Rsn/Cd/Cd or PrcgSts/Rpr/Rsn/Cd/Cd = DDEA (sese.024.001.12)