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Settlement status codes

MOPN: Modification Pending

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MOPN means a requested modification has not been done yet and it is not known whether it will be. The instruction keeps its old settings until it changes to MODC.

Code
MOPN
Kind
Status (25D)
Qualifiers
TPRC

What MOPN means

:25D::TPRC//MOPN is the interim answer to a processing change request (usually an MT530). It sits between PACK and the final MODC or DEND.

The reason under :24B::MOPN// is CONF (awaiting confirmation from the counterparty or the market) or NARR.

When you see it

  • In an MT548 after a modification that the market must confirm, or that depends on the counterparty.

What to do next

  • If the reason is CONF, contact the counterparty or the servicer to get the confirmation.
  • Until MODC arrives, assume the old settings apply. A hold you asked to release is still in place.

Where it appears in MT and ISO 20022

MT (ISO 15022)

  • MT548 sequence A2, :25D::TPRC//MOPN
  • MT548 sequence A2a, :24B::MOPN//CONF or :24B::MOPN//NARR
  • Not used in the MT537.

MX (ISO 20022)

  • Not in sese.024. Modification pending: sese.031 PrcgSts/Pdg, with Rsn/Cd/Cd = CONF, ADEA and others (PendingReason32Code in sese.031.001.11)