SBUST - Settlement Reversals

What is

The purpose of SBUST is to completely reverse a single settlement as previously actioned by either SETT, BSETT, ASETT, LMEAUTO or OFFBOARD. The result will be an accounting document reversal and the trades returned to the open position in the state prior to settlement. The operation is simple, supply the DA/SA document reference and proceed by confirming the detail to be reversed.

If the need to make a adjustment to the settled trades is minor, e.g. commission amount, need better memo, this can be achieved using SAMEND. SAMEND allows you to amend the individual trade line(s) and the accounting is kept consistent with the archived trades.