2.18 Subscription Bulk Order Cancellation Instruction

This topic provides the information on Subscription Bulk Order Cancellation Instruction.

Subscription Bulk Order Cancellation Instruction Message

This message is sent by an intermediary party to an executing party or to another intermediary party. The Subscription Bulk Order Cancellation Instruction message is used to cancel a previously sent Subscription Bulk Order message or a set of individual orders that it contains. There is no amendment, but a cancellation and re-instruct policy

For all incoming bulk order cancellations, FCIS will 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 is reversed before, neither transaction will be included in the SWIFT message

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 the generation of this message in an automated way (based on a certain event that is triggered in the system, which can be set for the message), or manually.

This topic contains the following sub-topics:

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