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Settlement status codes

DOCY: Awaiting Documents/Registration Instruction/Endorsements from You

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

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

What DOCY means

Some markets and securities need paperwork before settlement: transfer forms, registration details for registered shares, beneficial owner declarations, or tax documents. DOCY says the missing item is on your side.

Under PPRC the custodian has not processed the instruction yet; under PEND or PENF it is in settlement and waiting. The counterparty-side equivalent is DOCC.

When you see it

  • In registration markets, on physical settlement, and on first trades in a market where the account documentation is incomplete.

What to do next

  • Read the narrative to find which document is missing and send it to the custodian. Check whether it is a one-off or must accompany every trade in that market.

Where it appears in MT and ISO 20022

MT (ISO 15022)

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

MX (ISO 20022)

  • sese.024 SttlmSts/Pdg/Rsn/Cd/Cd or SttlmSts/Flng/Rsn/Cd/Cd = DOCY.
  • sese.024 PrcgSts/PdgPrcg/Rsn/Cd/Cd = DOCY for pending processing.