1. ACH Credit Transfer User Guide
  2. Originated Credit Transfer - Return Processing
  3. Processing
  4. Return of Originated ACH CT - Cancel Processing

Return of Originated ACH CT - Cancel Processing

It is possible to Cancel Return of Originated ACH CT transaction from any of the below Exception Queues:
  • Business Override Queue
  • Repair Queue
  • Sanctions Check Queue
  • Exchange Rate Queue
  • EAC Queue

If Return is cancelled for ACH CT Origination, it is possible to post the accounting to Return GL. If the Return GL is not maintained in Originated ACH Credit Transfer preferences, accounting for cancellation is not posted. The below information message is displayed on save of Cancel operation:

“Return GL is not maintained for the Network in Originated ACH Credit transfer preferences. No accounting will be posted on Return transaction cancellation”

If the Return transaction is auto-cancelled as a result of custom layer Return days validation or it is manually cancelled from BO queue follows the below listed processing steps:
  • Completion of Sanction screening of Return transaction ,if SC is applicable for the Network and Source
  • Return accounting:
Event Dr/Cr Account Account Type Amount Tag
YSCR Dr Clearing Suspense GL Return Amt
YSCR Cr Return GL Return GL Return Amt
  • Mark Return transaction as cancelled and Original transaction back to the initial status as 'Processed'

Cancel from Repair Queue is also processed similar to BO queue cancellation. If the cancel is initiated from SC Queue/Exchange Rate Queue, sanctions are again done based on Sanction retry days.

If the Cancel action is initiated from EAC queue, FX unwind is done first in addition to the above steps if FX Reference is available.

Parent topic: Processing