Withdraw an Options Contract

Withdrawing an options contract also creates a final settlement for the hedge position.

A withdrawn options contract cannot be executed. A broker fee may still be payable when the options contract is withdrawn.

This activity is not applicable to futures, spread or swaps contracts.

Security Note: You need the Allow the user to maintain hedge actions and Allow the user to withdraw hedge actions security rights in the Accounting user group security rights group for this activity.

Activity Steps

1. Open the Hedging Explorer.
2. Select the Hedge Actions tab.
3. Find the options contract to be withdrawn. See Find Hedge Positions.
4. Right-click the options contract and select Withdraw from the menu.

   Note: Only a single options contract can be withdrawn.

   The Withdraw Hedge Action screen displays.

5. Enter the Withdrawal Date, which must be before or on the declaration date.
6. Click Withdraw.

   MineMarket changes the Settlement State to Withdrawn, locks the options contract, and creates a final settlement.

7. Click Save.