A.2.36.2 Trade Reversal
You can reverse the Trade transaction updates on existing (old) account or Source account which contributed to multiple Equity Out (Split) or one-to-one (Upgrade) in OFSLL by posting TRADE REVERSAL non-monetary transaction in Customer Service > Maintenance > Transaction Batch Information section.
Table A-132 To reverse a Trade
Transaction | Parameters |
---|---|
TRADE REVERSAL | TXN DATE |
REASON CODE | |
COMMENTS |
While posting the above transaction, select the Reason Code as STATUTORY RESCISSION or LATE RESCISSION from the drop-down list.
On successfully posting the transaction, a set of changes are done to traded accounts. Refer to Trade Reversal/Rescission and Charge-off of Account section in Appendix - Trading of Accounts chapter.
Parent topic: Trading of Accounts - Non-Monetary Transactions