Why might a trade be set to 'Failed' status in CMS eCM?

Why might a trade be set to 'Failed' status in CMS eCM?

 A trade is set to a 'Failed' state in CMS when there is a problem processing the trade document. When this happens, a Rejection document is issued by CMS and the document exchange process is terminated.

A 'Failed' trade document can be amended to return it to 'Pending' state, from where it can be cancelled, or the Matching process restarted.

Common reasons for a trade to Fail include:

- Amendment errors
- Invalid XML Schema
- Incorrect XML document (e.g. omission of DeliveryPointArea)

The Audit Trail can be used to identify the reason for a trade document to be 'Failed'. For more information on reading audit trails please read section 4.3.2 of the CMS User Guide*.

For further information regarding 'Failed' state please read the EFET standards 4.0, 'Section 6 State Processing*.

Please find below link to CMS User Guide:

https://userarea.equias.org/group/user-area/user-guide

Please find below link to eCM Standards:
https://userarea.equias.org/group/user-area/ecm-electronic-confirmation-matching

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