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Settlement status codes

DTRD: Disagreement Trade Date

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DTRD points at the trade date. Under NMAT the trade dates differ; under REJT or REPR the trade date is missing or invalid.

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

What DTRD means

Under :24B::NMAT//DTRD your trade date differs from the counterparty’s. Trade date is a mandatory matching field in T2S.

Under :24B::REJT//DTRD or :24B::REPR//DTRD the trade date is missing where the market requires it, or is invalid (for example after the settlement date).

When you see it

  • For trades booked around midnight or across time zones, and for late bookings where one side used the booking date instead of the execution date.

What to do next

  • Compare :98a::TRAD// in sequence B with the execution record.
  • Agree the trade date; the wrong side re-instructs.

Where it appears in MT and ISO 20022

MT (ISO 15022)

  • MT548 sequence A2a, :24B::NMAT//DTRD, :24B::REJT//DTRD or :24B::REPR//DTRD
  • The field it refers to: :98a::TRAD// in sequence B of the MT540 to MT543

MX (ISO 20022)

  • sese.024 MtchgSts/Umtchd/Rsn/Cd/Cd, PrcgSts/Rjctd/Rsn/Cd/Cd or PrcgSts/Rpr/Rsn/Cd/Cd = DTRD (sese.024.001.12); echoed date in TxDtls/TradDt