Reject an Alleged Trade

You can reject one or more MISM (Mismatched) or NMAT (Not Matched) trades alleged against you. Depending on which trade component you reject, the effect of rejecting an alleged trade is a change in Block Rej or Alloc Rej status as follows:

• Your trade—RJST (Reject Sent)
• Your counterparty's trade—RJCT (Rejected)

Note

When you reject a block, there is no effect on any underlying allocations.

To reject an alleged trade:

1. Select the alleged block or allocation you want to reject in the Mismatched, Not Matched or All Exceptions view.

The next figure highlights two blocks selected for rejection.

2. Click Reject Trade.

The next figure shows the Reject Alleged Block (or Reject Alleged Allocation) screen that appears.

3. Select a reason for the rejection from the ISITC Reason drop-down list and type a comment into the Comment text field, and then click Reject Trade.

The UI displays a pop-up confirmation in the lower right corner of your screen to confirm that your action was successful. When you refresh the view, with the Block Rejcolumn enabled, the next figure shows the change to the Block Rej status.