About Cancelling Open of Cap/Floor Contract

You can cancel Open Cap/Floor contracts prior to and after settlement. When you cancel an Open, the interest accrual and amortization values for the tax lot you are cancelling are automatically rolled back as part of the cancel transaction.

You can cancel cap/floor transactions using either the Cancel Trade panel or the Cancel and Rebook Trade tool. For more information, see Cancel a Single Trade or Batch of Trades or Cancel and Rebook Trades.

General Ledger Postings for Cancel Open of Cap/Floor Contract

When an open contract is cancelled, the following general ledger postings are required:

For a Buy to Open

Local Currency = Settle Currency = Base Currency:

Debit/Credit	G/L Account Name	G/L Account Number
Debit	Investment Payable	2002000100
Credit	Cost of Investments	1010000100
Credit	Investment Interest Receivable	1007000500

Local Currency = Settle Currency ≠ Base Currency:

Debit/Credit	G/L Account Name	G/L Account Number
Debit	Investment Payable (Local)	2002000100
Credit	Cost of Investments (Local)	1010000100
Credit	Investment Interest Receivable (Local)	1007000500
Debit	Investment Payable (Base)	2002000100
Credit	Cost of Investments (Base)	1010000100
Credit	Investment Interest Receivable (Base)	1007000500

For a Sell to Open

Local Currency = Settle Currency = Base Currency:

Debit/Credit	G/L Account Name	G/L Account Number
Debit	Cost of Investments	1010000100
Debit	Investment Interest Payable	2004000400
Credit	Receivable for Investments Sold	1002000100

Local Currency = Settle Currency ≠ Base Currency:

Debit/Credit	G/L Account Name	G/L Account Number
Debit	Cost of Investments (Local)	1010000100
Debit	Investment Interest Payable (Local)	2004000400
Credit	Receivable for Investments Sold (Local)	1002000100
Debit	Cost of Investments (Base)	1010000100
Debit	Investment Interest Payable (Base)	2004000400
Credit	Receivable for Investments Sold (Base)	1002000100