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This topic has 2 replies, 2 voices, and was last updated 10 years ago by roma.

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February 10, 2015 at 5:00 am #2247

simoneo
Member

Hi, I would like to ask if it is possible. How can I implement undo event,for example optionExercise. It can happen,that somebody incorrectly exercise option and it needs to be undone. How can I do that? Is it possible in FpML? Thank you for every advice.

April 9, 2015 at 6:55 am #2254

roma
Participant

Hello. I think you can use new message with “isCorrection” element set as “true”, and “exerciseAction” set to “Abandon”. Check this example for Request NOT to exercise options – http://fpml.aws.isda.org/spec/fpml-5-6-3-tr-1/html/confirmation/xml/business-processes/option-exercise-expiry/msg-ex02-request-execution-2-do-not-exercise.xml

April 10, 2015 at 5:19 am #2263

roma
Participant

Or you can use nonpublicExecutionReportRetracted element (example – http://fpml.aws.isda.org/spec/fpml-5-6-3-tr-1/html/confirmation/xml/business-processes/allocation/msg-ex24-cds-request-allocation-retracted.xml) for cancel previous message
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