5.19.16 Rolling Over a Contract Manually

A contract that has not been marked for Auto Roll-over has to be rolled-over manually through Rollover in the Processing sub-menu.

To be rolled-over into a new contract, a contract has to be:

• Authorized
• Should be past its Value Date, but unsettled

By default, the contract will be rolled-over with the same terms as the original contract. However, you can change certain terms through the Roll- over Instructions screen. If you have given any rollover instructions, they will be displayed. In either case, you will be prompted to confirm the rollover. All the terms of the contract including the brokerage and settlement details will be attributed to the new contract.

Two activities take place when a contract is rolled-over - the original contract is liquidated and a new contract is initiated. The validations that are performed when a contract is rolled-over will be those for the liquidation and initiation of a contract. If the liquidation of the original contract cannot be done for some reason, the new contract will not be initiated.

The authorization session for a manual rollover involves the authorization of two operations - the manual liquidation of the original contract and the initiation of the new contract.

Authorizing a roll-over

When a contract has been rolled-over manually, you have to perform two authorizations: one for the liquidation of the original contract and another for the initiation of the new contract. When you invoke such a contract for authorization, the details of the liquidation of the original contract will be displayed. The procedure for authorizing the rolled-over contract is similar to the one for authorizing a new contract.