Second pass categorizing codes
At the August 13 AOM meeting, the subcommittee assigned the remaining messages to the categories defined at the July meeting. We also redrafted descriptions of reject codes which had previously been identified as lacking clarity.
The table below shows the streamlined codes with categories. Descriptions that appear in italics were revised for this iteration as well. Codes that appear in italics were either revised for clarity or added to fill gaps.
| Operational conflicts |
AGE
|
Instruction Too Old to Process
|
|
ATIM
|
Account Terminated IM
|
|
|
NUM
|
Account number change
|
|
|
TLTC
|
Too late to cancel
|
|
| Other |
OTH
|
Other
|
| Reference data |
INV
|
Invalid Information
|
|
UNA
|
Unknown Account
|
|
|
UNS
|
Unknown Sponsor
|
|
|
UNSP
|
Unknown Program
|
|
| UNIS | Unknown Investment Style | |
| UNIM | Unknown Investment Manager | |
|
UNC
|
Unknown Custodian
|
|
|
BNK
|
Unknown FC/Team
|
|
| Suitability/instruction terms |
BMIN
|
Below Minimum Account Size
|
|
ERES
|
Excessive Restrictions
|
|
|
IPS
|
Investment Policy Not Acceptable
|
|
|
NSIS
|
Not Suitable For Investment Strategy
|
|
|
INF
|
Missing Information
|
|
|
MGN
|
Margin Account
|
|
|
NSG
|
Account does not have sufficient gains
|
|
|
NSL
|
Account does not have sufficient losses
|
|
|
NTM
|
No trades meeting per trade minimum
|
|
|
DVP
|
Delivery vs. Payment Not Acceptable
|
|
| Technology/communications |
SNR
|
System Not Ready
|
|
DUP
|
Duplicate message ID
|
|
| Trades not allowed |
TNA
|
Trade Not Allowed on Account
|
|
ACL
|
Account Closed
|
|
|
AHO
|
Account on Hold
|
|
|
OVP
|
Account Over-Invested
|
|
|
OVS
|
Account Over Sold
|
|
|
REO
|
Reorg Processing
|
At the next meeting, we'll continue to identify other types of rejection descriptions that should be represented, as well as matrix the reject codes with specific instruction types.