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Settlement status codes

DTRA: Not Recognised

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DTRA means the counterparty has been in contact about the unmatched instruction and says it does not know the trade.

Code
DTRA
Kind
Reason (24B)
Used with
NMAT

What DTRA means

Unlike the disagreement codes, :24B::NMAT//DTRA is not about one field. It reports the result of a conversation: the counterparty (or its agent) does not recognise the transaction at all, often called a DK (don’t know).

Matching will not happen unless the counterparty finds the trade or the trade details are corrected on your side.

When you see it

  • After a chaser on a long-running unmatched instruction, typically with wrong counterparty details or a trade that was never confirmed.

What to do next

  • Check the trade with the front office: correct counterparty, account and settlement chain.
  • Send the counterparty the trade confirmation details. If the trade is wrong on your side, cancel and re-instruct.

Where it appears in MT and ISO 20022

MT (ISO 15022)

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

MX (ISO 20022)

  • sese.024 MtchgSts/Umtchd/Rsn/Cd/Cd = DTRA (sese.024.001.12)