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.

This topic contains the following sub-topics:

• Cancellation Transaction Creation and Sanctions Check
  This topic explains the details of the process of canelling the transactio creation and sanctions check.
• Transaction Status Update
  This topic explains the details of updating the transaction status for outbound cancellation.
• Cancellation Message Generation
  This topic explains the details of generating a message for cancellation of the transaction.