1. Hong Kong Faster Payment System User Guide
  2. HKFPS Processing
  3. Inbound Credit Transfer Processing
  4. Sanction Check

Sanction Check

Sanction check for HKFPS incoming payment transaction is done on payment activation date.

If sanction is approved, the transaction is resumed with the further processing.

In case of seizure, Nostro account is debited, and the Seizure GL is credited. (No response is generated)

If the status is rejected, interim or timed out, the transaction is rejected. If SC status is
  • Rejected/Interim- Transaction is returned
    • System do not consider SC Final Response for the 'interim' status
  • Pending - OBPM awaits a response from SC system and based on the response received, it processes further as above

Parent topic: Inbound Credit Transfer Processing