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Settlement status codes

DOCC: Awaiting Documents/Registration Instruction/Endorsements from Counterparty

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DOCC tells you that the trade is waiting for documents, a registration instruction or an endorsement that the counterparty must provide.

Code
DOCC
Kind
Reason (24B)
Used with
PEND, PENF

What DOCC means

DOCC is the counterparty version of DOCY. Your side is complete; the paperwork is missing on the other side.

Under PEND settlement on the intended date is still possible; under PENF the trade is failing.

When you see it

  • In registration and physical settlement markets.

What to do next

  • Ask the counterparty or broker to send the missing documents to its custodian; nothing needs to change on your side.

Where it appears in MT and ISO 20022

MT (ISO 15022)

  • MT548 sequence A2a (REAS), :24B::PEND//DOCC or :24B::PENF//DOCC.
  • MT537 sequence B1 or C3a with the PEND or PENF qualifier.

MX (ISO 20022)

  • sese.024 SttlmSts/Pdg/Rsn/Cd/Cd = DOCC or SttlmSts/Flng/Rsn/Cd/Cd = DOCC.