2.27 Redemption Multiple Order Cancellation Instruction

This topic provides information on Redemption Multiple Order Cancellation Instruction and its tags in messages.

Redemption Multiple Order Cancellation Instruction Message

This message is sent by an instructing party to an executing party. There may be one or more intermediary parties between the instructing party and the executing party.

The Redemption Multiple Order Cancellation Instruction message is used to cancel the entire previously sent order message and all of the individual orders that it contained. There is no amendment, but a cancellation and re-instruct policy.

For all incoming multiple order cancellations, FCIS will be able to process the reversals based on Previous Reference and Individual Order Reference. For outgoing cancellation messages, FCIS will communicate the details of original transaction and not the newly reversed transaction provided the original transaction was handed off to SWIFT. If a transaction has been reversed before, neither of the transactions will be included in the SWIFT message.

A cancellation instruction must always be of the same family of message, i.e., switch, redemption or subscription and bulk or multiple, as the original order to be cancelled.

For outgoing messages, FCIS will always provide the reference of the original message and group cancellations, if multiple transactions of the same batch have been reversed. FCIS will allow generation of this message in an automated way (based on certain event that is triggered in the system) or manually.

This topic contains the following sub-topics:

• Tags in Messages
  This topic provides information on Redemption Multiple Order Cancellation Instruction and its tags in messages.