MT111 is processed only if there is a foreign currency instrument in Active status with issuer BIC as drawer BIC (if available), else sender BIC. The instrument currency, amount & Payee in the message matches with issued instrument currency and amount.

The incoming message is linked to the corresponding instrument issue transaction and stop pay of the instrument is processed. You can view the incoming message from the view message sub-screen of the Instrument view screen with message direction status as ‘In’.

The message upload fails and message remains in In-browser with the error code & details if the instrument number is not available. If the instrument is in liquidated, cancelled or payment stopped status, the system links the message to the transaction. However, if no straight through processing happen, message remains in the in browser with the related exception details. You must manually generate MT 112 response message in this case.

The Sending Bank BIC field gets populated.

The stop pay record is now available in unauthorized status with upload user as the maker. On authorization, record status is Payment stopped.