Cancel a Single Trade or Batch of Trades

Owned by Tom Fahey (Unlicensed)
Last updated: Oct 20, 2016 by Former user (Deleted)
4 min read

You can cancel a single trade using the Cancel Trade panel or can cancel a batch of trades for one or more entities and securities using the Batch Cancel Trades panel. You can also use the Cancel and Rebook Trade tool to search for a trade that has already been processed and not only cancel the trade but rebook the transaction.

Cancel Single Trades

In the Cancel Trade panel, you can cancel a single trade.

To cancel a single trade:

Content on this page:

  1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
  2. Enter Cancel Trade in the Start Search text box.
  3. Click the Cancel Trade (Accounting Center) link to access the panel.
    You see the Cancel Trade panel.
  4. Complete the options on the Cancel Trade panel. 
    This panel is not security type specific. For example, you can use it to cancel equity, fixed income, and forward currency trades. It contains three main lookups:
    –  Entity Lookup. Specifies the entity using the Entity ID or Entity Name fields.
    –  Security Lookup. Specifies the Issuer Name/Xref ID/Ticker, Event ID, and Target Trade Ticket Number to search for a security. The lookup only returns securities held by the entity.
    –  Trade Lookup. Displays all trades booked for the security you selected via the security lookup in the Choose Trade to Cancel field. Select the trade you want to cancel. You can modify the Account Date. If you cancel a settled trade, the system automatically cancels the settlement of that trade using the Rollback and Replay process.
  5. Click Submit.
    If you track pending transaction activity, be aware that when you use the system to manually cancel a transaction, the system allows you to evaluate the transaction again. The system inserts the transaction into the PENDING_TRADES table, sets the transaction's Pending Trade Flag field to Y, and applies a pending status to the transaction. The pending transaction reflects values for the entity's controlling basis if one exists. Otherwise, it reflects the entity's primary basis. If you cancelled the transaction in error, this process enables you to evaluate the transaction and release it to the STAR accounting engine for processing, if appropriate. See the Manage Pending Transactions section for more information.
  6. Close the Cancel Trade bottom tab to return to the Accounting Center.

Cancel Trade 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:

  • 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. Options include:

  • Issuer Name, Xref ID, Ticker
  • Event ID
  • Target Trade Ticket Number

Additional options are displayed based on your selection.

Event Type

55

Displays the business intent of the event.

Begin Date

220

Defines the begin date.

End Date

221

Defines the end date.

Long/Short Indicator

15

Indicates whether a position is long or short.

Instrument Type

11

Displays the type of instrument.

Security Type

82

Displays the security identification number.

Processing Security Type

3931

Displays the processing security type.

Issue Currency

85

Displays the issue currency.

Cancel Trade Detail Information



Choose Trade to Cancel

962

Displays all trades booked for the security.

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.

Quantity

40

Displays the quantity.

Price

45

Displays the price.

Local Net Amount

50

Displays the local net amount.

Target Event ID

26

Displays the target event ID.

Other Information



Transaction Notes

56

Specifies notes about the transaction.

Cancel a Batch of Trades

In the Batch Cancel Trades panel, you can cancel a batch of trades for one or more entities and/or securities.

To cancel a batch of trades:

  1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
  2. Enter Batch Cancel Trades in the Start Search text box.
  3. Click the Batch Cancel Trades (Accounting Center) link to access the panel.
    You see the Batch Cancel Trades panel.
  4. Complete the options on the Batch Cancel Trades panel.
  5. Click Submit.
  6. Close the Batch Cancel Trades bottom tab to return to the Accounting Center.

Batch Cancel Trades Panel Options

The following are the options in the Batch Cancel Trades panel. 

Option

Tag

Description

Option

Tag

Description

Date Range



Date Range Based On

1257

Specifies the date type. Options include:

  • Trade Date
  • Post Date
  • Accounting Date
  • Settlement Date

Start Date

220

Defines the start date.

End Date

221

Defines the end date.

Entity Information



Entity ID

1163

Specifies the identifier of the entity.

Entity Name

1164

Specifies the name of the entity.

Issue Information



Xref Type

1234

Specifies the security identifier type.

Issue Name

961

Specifies the issue name.

Ticker

13

Specifies the ticker.

Xref ID

1233

Specifies the security identifier.

Batch Information



Choose Trade to Cancel

962

Displays all trades booked for the security.

Batch Identifier

701

Specifies the batch identifier. This optional field must be supplied by the client.

Level of Batch Cancel

1256

Determines the processing of batch cancels. Options include:

  • Entity Level. Cancels all transactions within a specific entity with the selected Batch Identifier field value.
  • Entity and Security Level. Cancels all transactions for an entity and security combination that have the selected Batch Identifier field value. This option allows you to cancel a specific trade that was processed as part of a batch transaction.
  • Security Level. Cancels all transactions within a specific security that have the selected Batch Identifier field value.
  • All Entities/All Securities. Cancels all transactions that have the selected batch identifier. This cancels transactions across all securities and all entities with that Batch Identifier field value.

Target Trade Ticket Number

762

Displays the target trade ticket number.

Trade Date

35

Displays the trade date.

Batch Cancel Accounting Date

36

Specifies the batch cancel accounting date.

Batch Cancel Monthly Accounting Date

4733

Displays the batch cancel monthly accounting date.

Original Accounting Date

7560

Displays the original accounting date.

Original Monthly Accounting Date

7561

Displays the original monthly accounting date.

Broker Name

1235

Displays the broker name.

Broker Code

88

Displays the broker code.