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Settlement status codes

DMON: Disagreement Settlement Amount

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DMON points at the settlement amount. Under NMAT the cash amounts differ by more than the market tolerance; under REJT or REPR the amount cannot be accepted.

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

What DMON means

Under :24B::NMAT//DMON the settlement amounts of an against-payment trade differ beyond what the market accepts. In T2S the tolerance is EUR 2 for amounts up to EUR 100,000 and EUR 25 above (Clearstream T2S settlement process).

Under :24B::REJT//DMON or :24B::REPR//DMON the amount is missing, malformed or inconsistent, for example an against-payment instruction without a settlement amount.

When you see it

  • When accrued interest, fees or taxes are included on one side and not the other.
  • After rounding differences on large bond trades, and after a price amendment that only one side booked.

What to do next

  • Compare :19A::SETT// in sequence E3 with the counterparty’s figure and rebuild both from price, quantity, accrued interest and charges.
  • Agree the amount; the wrong side cancels and re-instructs.

Where it appears in MT and ISO 20022

MT (ISO 15022)

  • MT548 sequence A2a, :24B::NMAT//DMON, :24B::REJT//DMON or :24B::REPR//DMON
  • The field it refers to: :19A::SETT// in sequence E3 (AMT) of the MT541 or MT543

MX (ISO 20022)

  • sese.024 MtchgSts/Umtchd/Rsn/Cd/Cd, PrcgSts/Rjctd/Rsn/Cd/Cd or PrcgSts/Rpr/Rsn/Cd/Cd = DMON (sese.024.001.12); echoed amount in TxDtls/SttlmAmt