Delete a Netting Settlement

You can delete a netting settlement.

Deleting a Settlement

You can delete a settlement that's in the Selected or Selected no transactions status if you decide that the settlement is no longer required.

To delete a settlement, follow these steps:

1. In the Manage Netting Settlements page, Search for the settlement.

2. Select the row.

3. From Actions, click Delete Settlements.

   A warning is displayed that deleting a settlement releases the transactions from the settlement to be available for future netting settlements.

4. Click Yes to confirm.

   You can no longer see the settlement in the Manage Settlements page.

Note: You can't delete settlements that are already reversed or settled.

Reversing a Settlement

You can reverse a settlement that you have created erroneously and is in the Settled status. Settled indicates that the payments and receipts that you have already created.

To reverse a statement, follow these steps:

1. In the Manage Netting Settlements page, Search for the settlement.

2. Select the row.

3. From Actions, click Reverse Settlements.

   A warning is displayed that reversing a settlement voids the payments and reverses the receipts. The invoices and transactions from the settlement is then available for future netting settlements.

4. Click Yes to confirm.

   A confirmation appears indicating that the process to reverse is submitted.

5. In the settlement table, Refresh the data.

   The status of the settlement changes from Settled to Reversed. This status change indicates that the payments are voided, and receipts are now reversed. A netting reversal letter is then automatically created. You can email this letter or send it to the third party, indicating that the payments and receipts are reversed.

Note: You can reverse only the settlements that are settled.