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.
Cancel Capital or Share Based Fund Investments Panel Options
The following are the options in the Cancel Trade 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:
|
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:
|
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.