Generic Wires ISO Outbound Cancellation refers to the process of cancelling an outbound wire transfer that has already been initiated but needs to be reversed or terminated for some reason.

This topic contains the following sub-topics:

• Outbound Cancellation Request
  Outbound Cancellation Request refers to a feature that banks or financial institution to cancel a payment that has already been initiated and is in progress, but has not yet been completed or settled.
• Outbound Cancellation Request Processing
  Outbound Cancellation Request Processing is where the system's handling the requests to cancel payments that have already been initiated and are outbound from the bank.
• Outbound Cancellation Response
  Outbound Cancellation Response is the reply received from the financial institution (FI) in response to an Outbound Cancellation Request.
• Outbound Cancellation Response Processing
  Outbound Cancellation Response Processing refers to the process of handling responses to outbound wire transfer cancellation requests.