ZagTrader

Settlement status codes

PLCE: Disagreement Place of Trade

Written and maintained by ZagTrader. Last reviewed . How this page is sourced and checked

PLCE points at the place of trade, the exchange or OTC market where the trade was done. Under NMAT it differs; under REJT or REPR it is not valid.

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

What PLCE means

Under :24B::NMAT//PLCE your place of trade differs from the counterparty’s, in markets where it is a matching field.

Under :24B::REJT//PLCE or :24B::REPR//PLCE the place of trade is unrecognised or invalid, for example an unknown market identifier code.

When you see it

  • When one side reports an exchange (EXCH with a market code) and the other OTC (OTCO), or uses a different market identifier.

What to do next

  • Compare :94a::TRAD// in sequence B with the execution venue on the trade confirmation and re-instruct the wrong side.

Where it appears in MT and ISO 20022

MT (ISO 15022)

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