Scope
The MandateCancellationRequest message is sent by the initiator of the request to his agent. The initiator can either be the debtor or the creditor. The MandateCancellationRequest message is forwarded by the agent of the initiator to the agent of the counterparty. A MandateCancellationRequest message is used to request the cancellation of an existing mandate. If accepted, this MandateCancellationRequest message together with the MandateAcceptanceReport message confirming the acceptance will be considered a valid cancellation of an existing mandate, agreed upon by all parties.Usage
The MandateCancellationRequest message can contain one or more request(s) to cancel a specific mandate. The messages can be exchanged between creditor and creditor agent or debtor and debtor agent and between creditor agent and debtor agent. The message can also be used by an initiating party that has authority to send the message on behalf of the creditor or debtor. The MandateCancellationRequest message can be used in domestic and cross-border scenarios.Outline
The MandateCancellationRequestV08 MessageDefinition is composed of 3 MessageBuildingBlocks:
- Group Header — Set of characteristics to identify the message and parties playing a role in the cancellation of the mandate, but which are not part of the mandate.
- Underlying Cancellation Details — Set of elements used to provide details on the cancellation request.
- Supplementary Data — Additional information that cannot be captured in the structured elements and/or any other specific block.
MandateCancellationRequestV08
MndtCxlReq
Mandatory
Type: MandateCancellationRequestV08
GrpHdr
Mandatory
UndrlygCxlDtls
Repetition (1..n)
SplmtryData
Repetition (0..n)