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Settlement status codes

DELN: Disagreement Direction of Trade

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DELN means the instructions disagree on direction: the counterparty expects to receive when you also receive, or to deliver when you also deliver.

Code
DELN
Kind
Reason (24B)
Used with
NMAT

What DELN means

Matching needs one delivery and one receipt. With :24B::NMAT//DELN the CSD found a candidate instruction for the same trade but in the same direction as yours.

In MT terms one side sent a receive (MT540 or MT541) and the other should have sent a deliver (MT542 or MT543). In MX the direction is the securities movement type, RECE or DELI.

When you see it

  • After a booking error where buy and sell were swapped, or on a transfer between two accounts where both sides think they are receiving.

What to do next

  • Check the trade direction with the front office.
  • The side with the wrong direction cancels and sends the correct message type.

Where it appears in MT and ISO 20022

MT (ISO 15022)

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

MX (ISO 20022)

  • sese.024 MtchgSts/Umtchd/Rsn/Cd/Cd = DELN (sese.024.001.12); the direction is TxDtls/SctiesMvmntTp