1.6 Recall of SEPA Instant Credit Transfer
A recall happens when an Originator Bank requests to cancel a SEPA Instant Credit
Transfer. The recall can be requested by the originating customer. The recall procedure
must be initiated by the Originator Bank within the number of days maintained as Recall
days in Network Preferences after the execution date. A recall procedure is initiated
for the following reasons:
- Duplicate payment
- Technical problems
- Fraudulent Credit Transfers
Note:
Only Outbound payment transaction in ‘Processed’ and ‘Future Valued’ status are allowed to get selected for recall processing.- Outbound SCT Inst Recall Request
This topic provides the systematic instructions to process Outbound SCT Inst Recall Request screen. - Inbound SCT Inst Recall Request
Use Inbound SCT Inst Recall Request screen to view inbound recall requests received for transactions. - Negative Response for Recall Request
- Positive Response for Recall Request
- Inbound Recall Upload
- Response to Inbound SCT Inst Recall
Use Response to Inbound SCT Inst Recall screen to view and respond to the inbound recall requests. - Inbound Recall Processing
- Outbound Positive Response to Recall
- Investigation Messages
Parent topic: SEPA Instant Credit Transfer