1. ACH Credit Transfer User Guide
  2. Originated Credit Transfer - Reversal Processing

7 Originated Credit Transfer - Reversal Processing

If the Reversal request is received.for ACH CT Origination, it is first verified whether the original transaction is already dispatched or not.

If original transaction is yet to be dispatched, it gets cancelled. If it is already dispatched, the reversal transaction is created and processed with the following steps:
  • Sanctions screening
  • Return days validation
  • FX rate fetch, if applicable
  • EAC check
  • Reversal accounting
If Network allows reversal as maintained in Originated ACH Credit Transfer preferences, pacs.007.001.09 message is generated on reversal processing completion.

Note:

If cancellation request is received for a dispatched transaction and if the Network allows cancellation, then camt.056.001.09 message is generated on completion of sanctions screening and cancel days validation.