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Reversal of Forex contract reversed by mistake

Former Member
0 Kudos

Hi All,

A Forex forward contract was entered into. It was settled. Due to some issues in posting the flows, we are required to reverse the settlement. We reversed the settlement and accidentally reversed the contract also ( transaction FTR_EDIT for both these transactions). Can we reverse the REVERSAL of CONTRACT. Can we bring back the contract again. Please advise.

Accepted Solutions (0)

Answers (2)

Answers (2)

Former Member
0 Kudos

Hi,

Its not possible to reverse an already reversed contract. If you have done a reversal by mistake, kindly create a new contract with same transaction details.

Regards

Prasad AV

Former Member
0 Kudos

Hi,

Per my knowledge it is not possible to reverse any reversed contract. It is nothing but creating the contract again with same data, that means we need to create new contract.

It woulld be great if you update the solution in case you find.

thanks,

Kumar