Cancel a Link and Settle

You can cancel a Link and Settle request if the original request is still in a pending state. Where a request is linked to a counterparty request, it can only be cancelled when there are insufficient funds to complete settlement. Depending on whether your request has been linked to a counterparty request, messaging received upon cancellation may differ.

Overview

Participants can cancel Link and Settle requests while they are in a pending state. Linked requests can only be cancelled when there are insufficient funds to complete settlement.

Cancellation requires the UETR and LinkIdentifier from the original request.

Process

1. The Link and Settle request is in a pending state (insufficient funds)
2. Initiate cancellation via the Cancel Link and Settle API, providing the UETR and LinkIdentifier
3. RTGS.global verifies the original request exists and is pending, then cancels accordingly
4. Both parties receive pacs.002 status updates confirming the cancellation outcome

Event Sequence

Status Codes

ISO Status	Proprietary Reason	Description
CANC	CancelledAsPerRequest	Original request successfully cancelled
CANC	CounterpartyRequestCancelled	Counterparty cancelled the linked request
PDNG	CounterpartyRequestCancelled	Request reverts to pending after counterparty cancellation
RJCT	VerificationFailed	Signature verification failed
RJCT	LinkAlreadySettled	Cannot cancel an already settled request
RJCT	UetrNotFound	UETR is not linked to a pending request