This message type is sent by a financial institution to request a second financial institution to consider cancellation of the SWIFT message identified in the request.
If the Receiver of the request for cancellation has already acted on the message for which cancellation is requested, the MT n92 asks for a retransfer, ie, reversal, with the beneficiary's consent.
| Status | Tag | Field Name | Content/Options | No. |
| M | 20 | Transaction Reference Number | 16x | 1 |
| M | 21 | Related Reference | 16x | 2 |
| M | 11S | MT and Date of the Original Message | 3!n 6!n [4!n6!n] |
3 |
| O | 79 | Narrative Description of the Original Message | 35*50x | 4 |
| O | Copy of at least the Mandatory Fields of the Original Message | Copy of fields | 5 | |
C1. Field 79 or a copy of at least the mandatory fields of the original message or both must be present .
An MT n92 may be sent only to the Receiver of an initial message.
An MT n92 must refer to the cancellation of a SWIFT message only.
An MT 292 may not request cancellation of an MT 200/201. To cancel an MT 200/201, the Sender must send a new message to the account with institution of the initial message, requesting a retransfer of the funds.
To request the cancellation of a documentary credit, an authorisation to reimburse or a guarantee, an MT 792 must not be used, but an MT 707, 747 or 767, respectively.
An MT n92 may be sent to cancel one single transaction of a multiple message.
The MT n92 always requires a response. The response must be by an MT n96 Answers message.
Where country specific policies exist relative to the processing of a request for cancellation, details can be found in the green pages of the International Bank Identifier Code Directory.
The use of the MT n92 in association with the MT 105 and MT 106 EDIFACT Envelope must be in accordance with the specific guidelines detailed in the appropriate volume of the EDIFACT Message Implementation Guides (MIGs).
To request the cancellation of any ISO 15022 compliant message, an MT 592 must not be used. Field 23G of the ISO 15022 message, with subfield Function containing code CANC (Cancellation), must be used instead (see also Standards Category 5 volumes).