4.8.11 Processing Reversal Request at Transaction Level

The processing of the Cancellation Request depending on the original transaction status is explained below:

Original Transaction Status	Processing Details
In Progress	If accounting is not yet over, system will check whether FX is completed: If FX processing is over and FX reference is available, FX unwind is done Complete Sanction screening for the original transaction if not yet done Reversal request is marked as 'Completed' & Original transaction is marked as 'Cancelled'.
Future Valued	Before Dispatch The transaction is moved out of Warehouse queue. Complete Sanction screening Reversal request is marked as 'Completed' & Original transaction is marked as 'Cancelled' After Dispatch The transaction is moved out of Warehouse queue. Mark the accounting entries in pending status as cancelled. Sanction screening is done Reversal request is marked as 'Completed' & Original transaction is marked as 'Cancelled'.
Exception - Internal Exception Queue	The transaction is moved out of the exception queue, Cancellation is processed If FX processing is over and FX reference is available, FX unwind is done Complete Sanction screening for the original transaction if not yet done Reversal request is marked as 'Completed' & Original transaction is marked as 'Cancelled'.
Exception - External Exception Queue	On receiving the approval response from the External system or on releasing the transaction from the exception queue, Cancellation is processed. If FX processing is over and FX reference is available, FX unwind is done Complete Sanction screening for the original transaction if not yet done Cancellation Request is marked as 'Completed' & Original transaction is marked as 'Cancelled'.
Processed - Not yet dispatched	Dispatch entries to be marked as cancelled. The accounting with Pending status is marked as cancelled. Cancellation Request is marked as 'Completed' & Original transaction is marked as 'Cancelled'.
	Dispatch entries to be marked as cancelled. If accounting is already completed, reverse the accounting Cancellation Request is marked as 'Completed' & Original transaction is marked as 'Cancelled'.
Processed & dispatched -- before accounting	The accounting with Pending status is marked as cancelled. SDD Transaction Recall (cancellation) is initiated for outbound transaction and camt.056 is generated. Cancellation Request is marked as 'Completed' & Original transaction is marked as 'Cancelled'.
Settlement date Accounting is over	SDD Reversal transaction is created, and reversal processing is initiated (existing processing) and pacs.007 is generated. Reversal accounting is posted. Cancellation Request is marked as 'Completed' & Original transaction is marked as 'Reversed'.

System checks at pre-defined processing stages of batch processing whether the Cancel request is received. If yes, the cancellation of the batch/transaction is initiated.