4.21 Reversing Trade Settlement

You can reverse a trade settlement in the by clicking the reversal button in the Trade Settlement/Funding Memo Generation screen.

During reversal either of the following actions takes place:

• If trade settlement has not happened, the funding memo generation gets reversed.
• If trade settlement has happened, both the funding memo and the trade settlement get reversed.

You can regenerate the funding memo and resettle the trade, once the trade settlement is reversed. You need to mandatorily re-generate funding memo before re-settlement.

The accounting entries passed during trade settlement get reversed when you do a reversal of the trade settlement. During trade settlement reversal, an override message gets displayed informing to reverse all the fees that were manually liquidated. No advices are generated during trade settlement reversal.

Note:

If any agency activities have happened for the CUSIP after the trade settlement, you cannot reverse that settlement.