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Settlement status codes

INPS: Disagreement Place of Safekeeping

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INPS points at the place of safekeeping, where the securities are held. Under NMAT it prevents matching; under REJT or REPR it is missing or invalid.

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

What INPS means

Under :24B::NMAT//INPS the place of safekeeping in your instruction does not allow matching, for example because it implies a different settlement route from the counterparty’s.

Under :24B::REJT//INPS or :24B::REPR//INPS the place of safekeeping is unrecognised, invalid or missing where the servicer needs it.

When you see it

  • For securities held in more than one location (local CSD, ICSD, a sub-custodian) when the instruction names the wrong one.

What to do next

  • Check :94a::SAFE// in sequence C against where the position is actually held, and align it with the place of settlement.

Where it appears in MT and ISO 20022

MT (ISO 15022)

  • MT548 sequence A2a, :24B::NMAT//INPS, :24B::REJT//INPS or :24B::REPR//INPS
  • The field it refers to: :94a::SAFE// in sequence C (FIAC) 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 = INPS (sese.024.001.12); echoed in TxDtls/SfkpgPlc