Reject Codes
View the reasons and corresponding codes delivering firms must use when rejecting a transfer.
| Note
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For standard transfers, reject codes 01-05 are soft rejects (SRJ) and 06-09 are hard rejects (HRJ). For nonstandard transfers, reject codes 01-09 are hard rejects. For soft rejects, the receiving broker/dealer has twenty business days to take corrective action. For hard rejects, the transfer must be resubmitted.
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Reject Codes - Deliverer
| 01 |
Social security number tax ID mismatch. |
| 02 |
Account title mismatch. |
| 03 |
Documentation needed. |
| 04 |
Account flat. |
| 05 |
Invalid account number. |
| 06 |
Duplicate |
| 07 |
Account in distribution or transfer. |
| 08 |
Client rescinded. |
| 09 |
Missing authorization signature. |
View the reasons and corresponding codes receiving firms must use when rejecting a transfer.
Reject Codes - Receiver
| 21 |
Account violates credit policy of receiving firm.
Reject of a full transfer or partial transfer receiver (PTR) because the account violates the credit policy of the receiving firm.
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| 22 |
Unrecognized for residual credit (RCR) balance. |
| 23 |
Partial transfer (deliverer initiated) reject.
Reject of a partial transfer (PTD) initiated by the deliverer.
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| 24 |
Fail reversal (FRV) reject. |
| 25 |
Reclaim (RCL) reject. |
| 27 |
Mutual fund cleanup (MFC) reject. |
View the reasons and corresponding codes for position transfer funds (PTFs).
Reject Codes - Position Transfer Fund (PTF)
| 15 |
Position Transfer Fund (Deliverer)
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| 28 |
Position Transfer Fund (Receiver) |
View the reasons that the ACATS system could reject a transaction.
System Reject Reasons
| 01 |
Invalid field. |
| 02 |
Missed cutoff. |
| 03 |
Associated record not present or invalid. |
| 05 |
Invalid sequence number. |
| 08 |
Invalid length of record. |
| 10 |
Invalid Add transaction – record does not exist. |
| 11 |
Invalid Chg transaction – record does not exist. |
| 12 |
Invalid Del transaction – record does not exist. |
| 13 |
Requested action invalid due to transfer status. |
| 14 |
Transaction invalid for contra participant. |
| 15 |
Transaction invalid for submitting participant. |
| 16 |
Invalid participant. |
| 17 |
Invalid nonstandard transaction – invalid physical sequence. |
| 18 |
Invalid nonstandard transaction – restricted asset type or settlement location. |
| 19 |
Invalid transaction – Fund Registration already sent to Fund/SERV. |
| 99 |
NSCC reject. |
