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You can cancel a single trade or multiple trades for a private equity fund.

Cancel a Single Trade for Private Equity

In the Cancel Capital or Share Based Fund Investments panel, you can cancel a single trade for a private equity fund. If you need to cancel the initial commitment for a private equity position (LPOPEN event), first cancel all subsequent activity for the position.

If you track pending transaction activity, be aware that you can set up pending trade rules that determine how the system handles automated and manual trade cancellations within the pending trades workflow.

Info
Be aware that you cannot use the Cancel & Rebook Trade tool to cancel trades booked for private equity funds and rebook those transactions.

To cancel a single trade for private equity:

In the Accounting Center, in the left navigation pane, click Transactions > Trades > Cancel Trade > Cancel Capital or Share Based Fund Investments.
You see the Cancel Capital or Share Based Fund Investments panel.
Under Entity Information, select the entity and accounting basis for the trade you want to cancel.
Under Issue Information, enter the issue-level criteria for the trade you want to cancel.
You can specify criteria to search for a security such as issue Issue Name/Ticker/Cross Reference ID, Event ID, or Target Trade Ticket Number, along with a date range. The lookup only returns securities held by the entity.
Under Fund Investment Information, choose the trade you want to cancel.
The Choose Transaction to Cancel lookup displays all trades booked for the security you selected.
You can modify the Cancel Accounting Date value.
If you cancel a settled trade, the system automatically cancels the settlement of that trade using the Rollback and Replay process.
You can specify a comment about the cancellation in the Transaction Notes field.
Click Submit.

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Cancel Capital or Share Based Fund Investments Panel Options

The following are the options in the Cancel Capital or Share Based Fund Investments panel.

Option	Tag	Description
Entity Information
Entity ID	1163	Specifies the unique identifier of the entity.
Entity Name	1164	Specifies the name of the entity.
Base Currency	86	Displays the base currency of the entity.
Accounting Basis	21	Specifies the primary accounting basis for the entity. Options include: GAAP. The system is set up in accordance with Generally Accepted Accounting Principles. This is the most common basis. IFRS. The system is set up in accordance with International Financial Reporting Standards (IFRS). STAT. The system is set up for use with statutory insurance. USTAX. Default. The system is set up in accordance with domestic tax regulations.
Issue Information
Cancel Trade By	1256	Specifies the security identifier for the trade you want to cancel. Additional options are displayed based on your selection. Options include: Issuer Name/Ticker/Xref ID Target Event ID Target Trade Ticket Number
Event Type	55	Displays the business intent of the event. For example, CANCEL.
Begin Date	220	Defines the begin date.
End Date	221	Defines the end date.
Long/Short Indicator	15	Displays whether the position is long or short.
Cross Reference Type	1234	If you set Cancel Transaction By to Issue Name/Ticker/Xref, specifies the cross reference type associated with the security.
Issue Name	961	If you set Cancel Transaction By to Issue Name/Ticker/Xref, specifies the name of the security.
Ticker	13	If you set Cancel Transaction By to Issue Name/Ticker/Xref, specifies the trade ticker of the security.
Cross Reference ID	1233	If you set Cancel Transaction By to Issue Name/Ticker/Xref, specifies the security identifier.
Instrument Type	11	Displays the type of instrument.
Security Type	82	Displays the type of security.
Processing Security Type	3931	Displays the processing security type.
Issue Currency	85	Displays the local currency of the security.
Event ID	25	If you set Cancel Transaction By to Event ID, specifies the event ID.
Target Trade Ticket Number	762	If you set Cancel Transaction By to Target Trade Ticket Number, specifies the trade ticket identification number of the target trade. .
Fund Investment Information
Choose Trade to Cancel	962	If you set Cancel Transaction By to Issue Name/Ticker/Xref, identifies the trade that you want to cancel. The lookup displays all trades booked for the security by Original Event and Trade Date.
Cancel Effective Date	35	Displays the cancel effective date.
Cancel Accounting Date	36	Specifies the cancel accounting date.
Cancel Monthly Accounting Date	4733	Displays the cancel monthly accounting date.
Original Accounting Date	7560	Displays the original accounting date.
Original Monthly Accounting Date	7561	Displays the original monthly accounting date.
Target Event Type	502	Displays the target event type.
Shares	40	Displays the quantity.
Cost Local	50	Displays the local net amount.
Cost Base	478	Displays the base net amount.
Cash Amount Local	64	Displays the settlement cash amount of the trade.
Target Event ID	26	Displays the target event ID.
Other Information
Transaction Notes	56	Specifies notes about the transaction.

Cancel a Batch of Trades for Private Equity

You can cancel a batch of trades for a private equity fund for a selected entity/security grouping using the Batch Cancel Trade panel. The system allows you to cancel multiple private equity transactions at the same time with the exception of LPOPEN events for initial funding and LPCLOSE events for closing the position.

If you use the Multiple Calls/Cash panel to submit a set of transactions for a private equity fund, you can use the Batch Cancel Trade panel to cancel that set of transactions. You can use the Batch Identifier (tag 701) field to identify the set of trades you want to cancel.

Versions Compared

Old Version 13

New Version Current

Key

Cancel a Single Trade for Private Equity

Cancel Capital or Share Based Fund Investments Panel Options

Cancel a Batch of Trades for Private Equity