Processed Payments

Processing Step	System Action
Before Sanctions Check	Transaction status is marked as ‘Cancelled’ Cancellation status is marked as ‘Cancelled’ Return GL entries gets posted A gpi confirmation message with status code ‘RJCT’ is generated if the transaction is gpi-enabled
Before ECA Check	Transaction status is marked as ‘Cancelled’ Cancellation status is marked as ‘Cancelled’ FX Cancellation Request message is sent to External system if External exchange rate was applicable Return GL entries gets posted A gpi confirmation message with status code ‘RJCT’ is generated if the transaction is gpi-enabled
Before Accounting	Transaction status is marked as ‘Cancelled’ Cancellation status is marked as ‘Cancelled’ FX Cancellation Request message is sent to External system if External exchange rate was applicable ECA Reversal Request is sent out if ECA was applicable Return GL entries gets posted A gpi confirmation message with status code ‘RJCT’ is generated if the transaction is gpi-enabled
Before Dispatch / Message generation	Transaction status is marked as ‘Cancelled’ Cancellation status is marked as ‘Cancelled’ Reversal accounting entries is sent to accounting system Return GL entries gets posted A gpi confirmation message with status code ‘RJCT’ is generated if the transaction is gpi-enabled

If the payment message has been generated successfully and sent out, then the cancellation processing is done based on the payment type and acknowledgement from SWIFT / RTGS network.

Cross Border Payment Type

The acknowledgement status of the payment message sent out is checked.
If the acknowledgment status is pending, then the system waits for the acknowledgment message from SWIFT. Once the acknowledgment is received, system does the cancellation processing based on the status.

Acknowledgment Status	System Action
ACK	Initiate a MT recall request Cancellation Request status is marked as ‘Cancelled’ Recall Status at transaction level is marked as ‘Recall Requested’
NACK	Cancellation processing for the transaction is initiated Cancellation status is marked as ‘Cancelled’ Reversal accounting entries is sent to accounting system Payment message status is marked as ‘Suppressed’ Return GL entries gets posted A gpi confirmation message with status code ‘RJCT’ is generated if the transaction is gpi-enabled

RTGS Payment Type

The acknowledgement status of the payment message sent out is checked.
If the acknowledgement status is pending, then the system waits for the acknowledgment message from SWIFT
Once the acknowledgement is received, system does the cancellation processing based on the acknowledgement status and on the ‘Sender Notification Required’ flag at Network Preference maintenance (PMDNWPRF).
- If the ‘Sender Notification Required’ flag is un-checked at the network preference level, the cancellation processing is done based on the acknowledgement status.

Acknowledgment Status	System Action
ACK	Initiate a MT recall request Cancellation Request status is marked as ‘Cancelled’ Recall Status at transaction level is marked as ‘Recall Requested’
NACK	Cancellation processing for the transaction is initiated Cancellation status is marked as ‘Cancelled’ Reversal accounting entries is sent to accounting system Payment message status is marked as ‘Suppressed’ Return GL entries gets posted A gpi confirmation message with status code ‘RJCT’ is generated if the transaction is gpi-enabled

If the ‘Sender Notification Required’ flag is checked at the network preference level, the cancellation processing is done based on the RTGS network acknowledgement status.

Network Acknowledgment Status	System Action
ACK – MT 012	Initiate a MT recall request Cancellation Request status is marked as ‘Cancelled’ Recall Status at transaction level is marked as ‘Recall Requested’
NACK – MT 019	Cancellation processing for the transaction is initiated Cancellation status is marked as ‘Cancelled’ Reversal accounting entries is sent to accounting system Payment message status is marked as ‘Suppressed’ Return GL entries gets posted A gpi confirmation message with status code ‘RJCT’ is generated if the transaction is gpi-enabled

Note:

Message generation processing and Recall request processing is same as mentioned in section MT n92 / gSRP Request Message Generation.