1. Generic Wires ISO User Guide
  2. Generic Wires ISO Outbound Return
  3. Outbound Return Processing
  4. Transaction Cancellation Processing

Transaction Cancellation Processing

The transaction can get canceled from an exception queue either manually or automatically based on the response from an external system.

Below processing, steps are trigged during cancellation processing:
  • Sanctions Check gets triggered. If cancellation is triggered from Sanction Check, ECA, Business Override queue, Exchange Rate Queue, then the Sanctions Check is done considering sanction retry days value maintained.
  • A record is logged into FX unwind (if cross-currency transaction & FX Reference exists).
  • No accounting entry is posted.

After successful completion of all cancellation processing steps, the Return transaction status is marked as Cancelled and the Original transaction status is marked as Processed.

Parent topic: Outbound Return Processing