Cancel and Rebook Trades

The Cancel and Rebook Trade tool allows you to search for a trade that has already been processed and not only cancel the trade, but rebook the transaction.

To cancel and rebook a trade:

1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
2. Enter Cancel and Rebook Trade in the Start Search text box.
3. Click the Cancel and Rebook Trade (Accounting Center) link to access the Cancel and Rebook Trade tool.
   You see the Trade Activity Query window.
4. Complete the options on the Trade Activity Query window. 
   For example, suppose you want to cancel and rebook a buy trade of 10.00 shares to the security for an account, as shown on the Open Lots tab of the Cost object in the Position Viewer tool. 
   
5. Click Start Search.
   You see one buy transaction.
6. Select the trade you want to cancel and rebook.
7. Right click the selected trade.
   You see a shortcut menu with a set of options that determine the actions you can perform. Available options include:
   –  Cancel. Cancel and Rebook Trade tool cancels the trade without opening any other panels and displays a blue check mark next to the selected trade.
   –  Rebook. Cancel and Rebook Trade tool displays the Buy or Sell panel, based on the processing security type (PST), allowing you to modify the original trade. The trade is not canceled until you submit the rebook transaction.
8. Select Rebook.
   The Cancel and Rebook Trade tool displays the original trade details on the panel, which you can modify. The trade panel functions like a typical transaction panel with the core edits, warnings, and errors you see when you are entering a trade using the Book Trade tool.
   
   Suppose you change the price of the transaction in the Price Per Share field from 400.00 to 350.00.
   
   NOTE: The Event Type for this transaction is now Rebook.
9. Click Submit.
   The Cancel and Rebook Trade tool cancels the original transaction and processes the modified trade. If you refresh the Position Viewer tool, you see the modified trade is the trade of record for the position.
   
10. Click the Cancel Open tab in the Cost object. You see the details from the original transaction. The Cancel Event Type is now Rebook.
    

Trade Activity Query Window Options

In the Trade Activity Query window of the Cancel and Rebook tool, you can select the trade you want to cancel and rebook.

The following are the options on the Trade Activity Query window.

• Entity ID. Specifies the identifier of the entity.
• Entity Name. Specifies the name of the entity.
• Transaction Type. Specifies the type of transaction you are canceling and/or rebooking. Available options include:
  –  Opens and Closes
  –  Opens
  –  Closes
• Date Type. Specifies the date type. You can modify this field based on how you want to query for the trades. Available options include:
  –  Trade Date
  –  Settlement Date
• Start Date. Defines the time period during which the trade activities were generated. This field defaults to the current system date.
• End Date. Defines the time period during which the trade activities were generated. This field defaults to the current system date.
• Query Based On. Specifies the search criteria. It defaults to Xref ID. Available options include:
  –  Xref ID
  –  Issue Name
  –  Primary Asset ID
  –  Ticker
  –  Pool Number