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Settlement status codes

YCOL: Collateral Shortage

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YCOL tells you that the instruction cannot settle because there is not enough collateral on your account to support it.

Code
YCOL
Kind
Reason (24B)
Used with
PEND, PENF, PPRC

What YCOL means

Settlement credit, auto-collateralisation and some lending or financing arrangements require collateral. When the collateral on your account does not cover the exposure the instruction would create, the instruction waits with YCOL.

Under PPRC processing is pending; under PEND or PENF the instruction is in settlement and blocked by the collateral check. A plain cash shortage is reported as MONY.

When you see it

  • On accounts that settle on credit secured by collateral, and in collateral management or triparty flows.

What to do next

  • Check the collateral position and the haircut applied, and deliver more collateral or reduce the exposure, then ask the custodian to retry.

Where it appears in MT and ISO 20022

MT (ISO 15022)

  • MT548 sequence A2a (REAS), :24B::PEND//YCOL, :24B::PENF//YCOL or :24B::PPRC//YCOL.
  • MT537 sequence B1 or C3a with the PEND or PENF qualifier.

MX (ISO 20022)

  • sese.024 SttlmSts/Pdg/Rsn/Cd/Cd or SttlmSts/Flng/Rsn/Cd/Cd = YCOL.
  • sese.024 PrcgSts/PdgPrcg/Rsn/Cd/Cd = YCOL for pending processing.