5.19.1 Amend Deal Details
Certain values in a contract can be amended after it has been stored and authorized. You can also amend a contract that has been input but is yet to be authorized. For each amendment, a new “version” of the contract will be generated. During Contract Detailed View, you can view the different versions by clicking on back arrow button for the previous version and forward arrow button for the next one.
To amend the details of a contract, select ‘Unlock’ icon in the Application tool bar when you are in the Contract Detailed View for the contract.
Use the Unlock operation to extend or advance the Value Date of a contract. If it is advanced to today’s date, an error message will be displayed and the date will not be accepted. In such a case, you should use the Liquidate operation.
Apart from the Counterparty and the Booking Date of the contract you will be allowed to modify the details of an FX contract such as the Exchange Rate, Value Date, and Settlement Instructions, before the settlement date. Upon authorizing this event you have to generate the appropriate MT 300. The revaluation will be corrected when the contract get automatically revalued at the specified frequency.
Note:
You will not be allowed to amend a contract once you have performed a partial liquidation or cancellation. Financial amendments are not allowed post authorization of a FX contract.