A Financial Cancellation Message is sent by the Ordering Customer (or Payor or Agent on behalf of the Ordering Customer) or by a third party having authority on the Ordering Customer's payments to the Ordered Bank to request cancellation of a previously sent financial message(s), or one or many orders contained within a previously sent financial message(s).
Principles
This message may contain one or many cancellation instructions.
The message may be used to cancel:
- a message within an interchange or
- a single transaction within a multiple message.
A Financial Cancellation message must always be responded to by a Banking Status message.