This message type is sent by the account servicing institution to the account owner.
It is used to advise the account owner that a financial document(s) included in the referenced cash letter has/have been dishonoured for the reasons given. The account owner's account is debited accordingly.
The advice will specify whether the financial document(s) is/are being returned unpaid to the originator of the cash letter or if it is/they are being re-presented to the drawee(s) for payment.