As part of Guarantee Advise Cancellation, the user requests for cancellation of a Guarantee/SBLC advised. On the issuing bank request, the Guarantee Advise Cancellation is initiated. The cancellation request is indicated in the incoming MT 767 message, field 23S Cancellation Request.

If the field 23S has value ‘CANCEL’, then Guarantee/SBLC should be initiated.

This topic contains following subtopics:

• Common Initiation Stage
  This topic provides the systematic instructions to initiate the new Guarantee Advise Cancellation request.
• Registration
  This topic provides the systematic instructions to initiate the Registration stage of Guarantee Advise Cancellation request.
• Data Enrichment
  This topic provides the systematic instructions to initiate the Data Enrichment stage of Guarantee Advise Cancellation request.
• Multi Level Approval
  This topic helps you quickly get acquainted with the Multi Level Approval process.