1. SEPA Direct Debits User Guide
  2. Collections Exception Transactions
  3. Inbound Collections Reverse/Recall
  4. Sanctions Screening for Recall/Cancellation of Inbound Debits

Sanctions Screening for Recall/Cancellation of Inbound Debits

Sanction screening is done if :
  • It is applicable for the customer.
  • It is applicable for the Network and source for the transaction type ‘Incoming’.
  • Transaction is in Future valued queue or in settled status.
Sanction Response System Action
Approve Proceed with Collections cancellation. If already liquidated, reverse the accounting entries.
Reject Proceed with Collections cancellation, if not yet liquidated. If already liquidated, reverse the accounting entries.
Seize Collections status will be moved to ‘Seized’. Seizure accounting will be posted, if applicable.
If accounting for original transaction is pending:
  • Dr. Customer
  • Cr. Seizure GL
If the accounting is over:
  • Dr. Customer
  • Cr. Seizure GL

Parent topic: Inbound Collections Reverse/Recall