Sanctions Screening for Recall/Cancellation of Outbound Debits

Sanction screening is done if :

It is applicable for the customer.
It is applicable for the Network and source for the transaction type ‘Outgoing’.

Sanction Response	System Action
Approve	Proceed with Collections cancellation. If already liquidated, reverse the accounting entries. Generate camt.056.
Reject	Cancel the reject. Transaction status will be not be changed. No message is processed.
Seize	If settlement is pending: Collections status will be moved to ‘Seized’. Seizure accounting is not applicable. No message is sent out. If settlement is over: Collections status is moved to ‘Seized’ Seizure accounting is posted, if applicable. Since the accounting for original transaction would have already processed, seizure accounting will post the following entries: Dr. Customer Account Cr. Seizure GL No message is sent out.

Sanction Response

System Action

Approve

Proceed with Collections cancellation. If already liquidated, reverse the accounting entries. Generate camt.056.

Reject

Cancel the reject. Transaction status will be not be changed. No message is processed.

Seize

If settlement is pending: Collections status will be moved to ‘Seized’. Seizure accounting is not applicable. No message is sent out.

If settlement is over:

Since the accounting for original transaction would have already processed, seizure accounting will post the following entries:

No message is sent out.

Parent topic: Outbound Collections Reverse/Recall