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  • Receive and Process Request of Stop Payment of FCY Draft

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    Ram Mohan Mishra
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    The bank received a request to stop payment on a foreign currency draft. The request is validated and any errors are noted. If validated, the payment officer amends the request details in the system and places it in the authorization queue. The payment supervisor then authorizes the amendment. The system checks whether the cheque has been paid and creates a stop payment record with the appropriate answer code and generates a SWIFT message to notify that the stop payment was processed successfully.

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    The bank received a request to stop payment on a foreign currency draft. The request is validated and any errors are noted. If validated, the payment officer amends the request details in the system and places it in the authorization queue. The payment supervisor then authorizes the amendment. The system checks whether the cheque has been paid and creates a stop payment record with the appropriate answer code and generates a SWIFT message to notify that the stop payment was processed successfully.

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    © All Rights Reserved
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    1 views1 page

    Receive and Process Request of Stop Payment of FCY Draft

    Uploaded by

    Ram Mohan Mishra
    The bank received a request to stop payment on a foreign currency draft. The request is validated and any errors are noted. If validated, the payment officer amends the request details in the system and places it in the authorization queue. The payment supervisor then authorizes the amendment. The system checks whether the cheque has been paid and creates a stop payment record with the appropriate answer code and generates a SWIFT message to notify that the stop payment was processed successfully.

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    © All Rights Reserved
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    of 1

    27/04/21 Receive and Process Request Of Stop Payment Of FCY Draft

    TEMENOS Banking Reference Processes


    Receive and Process Request Of Stop Payment Of FCY Draft Last change: 17-Mar-2021 12:05:15
    Type: EPC

    Stop payment
    request to be
    processed

    MT111

    Receive stop
    SWIFT payment request for
    Connector FCY cheque
    SYS

    Validation fields
    ST Perform Validation - Cheque Number
    - Cheque Amount
    SYS

    Validation Validation
    Successful Unsuccessful

    Capture stop Update Error code in


    ST EB.MESSAGE.111 ST Update error code
    payment request DE.I.HEADER
    SYS SYS

    ENQ
    Retrieve stop ENQ
    MT111.MSG. Payments Officer View error details Payments Officer
    payment request DE.MSG.SUM
    RECEIVED

    Amend stop Stop payment


    EB.MESSAGE
    payment request Payments Officer request not
    .111,AMEND
    details processed

    Fields updated
    - Create Pay Stop set to Yes
    - Generate MT112 set to Yes

    Place amendment in
    ST authorisation queue

    SYS

    COS
    Authorise Payments
    EB.MSG.111.
    amendment Supervisor
    NAU

    ST Check for payment

    SYS

    Cheque paid Cheque not paid

    ST Reject Stop payment Create PAYMENT.STOP ST Stop payment Create PAYMENT.STOP


    with answer code as /12/ with answer code as /13/
    SYS SYS

    Generate SWIFT MT112


    ST message

    SYS

    Stop payment
    processed
    successfully

    Temenos R21 Proprietary & Confidential 1

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