What options will be available to the members for revoking fully the accepted deals?
In this phase, once the setters’ approve the deal, it can not be cancelled. In next phase when NDS is integrated with Securities settlement subsystem, provision for cancellation of a deal, if agreed to by both parties (seller/buyer) of the deal, has been made before the date of settlement. However, this would have to be done within a specified time frame i.e. prior to settlement date. On the date of settlement, it is not possible to cancel a deal.
