Status Codes for Financial Operations

1. Order status codes

2. Transfer status codes

3. Transaction status codes

Order status codes

The list of Order status codes

• RECEIVED

• INVALID

• PENDING

• CANCELED

• REJECTED

• FILLED

• CORRECTED

• SETTLED

Description of Order status codes

• RECEIVED

  • The order request was passed through the API layer.

• INVALID

  • The order request did not pass the validation.

• PENDING

  • This status indicates that the order was received by the system and is now in the queue to be processed. At this stage, the order details are registered, but no trading actions have been taken yet.

  • Possible next status codes:

    • FILLED

    • CANCELED

    • REJECTED

• CANCELED

  • The order has been canceled either by the user or the system. This means that the order will no longer be processed or executed. Cancellation can occur at any point before the order is filled.

  • Possible previous status codes:

    • PENDING

    • CORRECTED

• REJECTED

  • This status indicates that the order has been rejected by the system. Rejection can occur due to various reasons such as insufficient funds, invalid order parameters, or system errors. A rejected order will not be processed or executed.

  • Possible previous status code:

    • PENDING

• FILLED

  • The order has been successfully executed and the trade is complete. All the requested amount has been traded at the specified or better price. The order is now closed with this final status.

  • Possible previous status code:

    • PENDING

  • Possible next status code:

    • SETTLED

• CORRECTED

  • This status indicates that there has been a correction on the order. This can happen due to post-trade processes where discrepancies are found and corrected to ensure the accuracy of trade records.

  • Possible previous status code:

    • FILLED

  • Possible next status code:

    • CANCELLED

• SETTLED

  • The order has been fully settled, meaning that all financial transactions related to the trade are complete. This status indicates that the trade has been finalized, and the funds or assets have been transferred accordingly. Now the funds can be withdrawn.

  • Possible previous status code:

    • FILLED

Sequence diagram

Transfer status codes

The list of Transfer status codes

• RECEIVED

• INVALID

• PENDING

• REJECTED

• PROCESSED

Description of Transfer status codes

• RECEIVED

  • The transfer request was passed through the API layer.

• INVALID

  • The transfer order request did not pass the validation.

• PENDING

  • The transfer is created but not processed as some operations or checks are being performed.

• REJECTED

  • The transfer was rejected. Please check the error codes for further details.

• PROCESSED

  • The transfer was successfully processed.

Sequence diagram

Transaction status codes

The list of Transaction status codes

• COMPLETED

• MODIFIED

Description of Transaction status codes

• COMPLETED

  • This status means that the transaction has been fully processed or (for orders) executed successfully. All steps required to finalize the transaction have been carried out.

• MODIFIED

  • This status signifies that the transaction details have been altered or updated after its initial completion. It reflects any changes made to the transaction parameters.

Mapping of Transaction status codes

Order and Transaction status codes

No.	Order status	Transaction status
1	RECEIVED	N/A
2	INVALID	N/A
3	PENDING	N/A
4	CANCELED	N/A
5	REJECTED	N/A
6	FILLED	COMPLETED
7	CORRECTED	MODIFIED
8	SETTLED	COMPLETED

Transfer and Transaction status codes

No.	Transfer status	Transaction status
1	RECEIVED	N/A
2	INVALID	N/A
3	PENDING	N/A
4	REJECTED	N/A
5	PROCESSED	COMPLETED