cancellation


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Cancellation

A notice by a broker to a client that the broker has made a mistake and has taken steps to rectify it. For example, if a client makes an order to buy 1,000 shares and the broker mistakenly buys 2,000, he/she must sell the extra 1,000 shares and bear any losses himself/herself. Afterwards, the broker must inform the client of what has transpired and provide full documentation. This ensures that the broker simply made a mistake and was not trading maliciously or improperly.

cancellation

A broker's notice to a customer that an erroneous trade credited to the customer has been voided. For example, if a brokerage firm mistakenly purchases 200 shares of stock for an account when the customer has entered an order for only 100 shares, the firm will send the customer a cancellation for the 200-share trade to void the original confirmation and then will send a new confirmation showing the correct trade.
References in periodicals archive ?
Top of such hiccups is the issue of flight cancellations and delays.
The Azerbaijani Foreign Ministry sent a note to the Turkish Foreign Ministry in connection with the cancellation of the visa regime," the ministry said.
In line with the passenger charter released by the Ministry of Civil Aviation (MOCA) in February 2019, customers can make any changes or cancellations free of charge within 24 hours of booking on domestic flights, if they have booked their tickets at least 7 days in advance of the scheduled departure.
"On this understanding, and having looked through your terms and conditions, I could not see any reason why or how you could charge PS200 cancellation fee for a child was in fact free in the first place."
According to Delgra, it turned out during the meeting that other TNCs have their own cancellation policies that have yet to be implemented.
Completion rate is computed based on completed bookings, cancellation rates and ignored jobs.
Travellers across the Middle East have revealed that they would like to receive more information about any delays and cancellations regarding their flights so that they can alert their family and friends in a timely manner, and make new travel plans should the need arise, new research by Cirium has found.
A local Nadra official told this correspondent that the authority could not develop software for the cancellation of computerised arms licence until the provincial home department permits it accordingly.
"Since 2013 we've seen the cancellation of the Atlantic Array wind turbines off the coast of south Wales, the cancellation of the Celtic Array wind farms off north Wales, the cancellation of the Cardiff-Swansea rail line in 2018, the cancellation of the Swansea Bay tidal lagoon in 2018," he said.
"And to cap it all, the cancellation of cancellations, the cancellation of the Wylfa last week, a PS16 billion investment that will have transformed the economy of North Wales."
Across Britain, hospitals cancelled 238,000 operations in 2017/18, including all types of cancellations - the equivalent of a cancellation every two minutes on average.
"The trust did not apply this blanket cancellation policy but did cancel some additional elective procedures during this time.