Which trade states allow cancellation?

Which trade states allow cancellation?

You can only cancel from state ‘Pending’ and ‘Preliminary Matched’. If your trade is in 'Error' or 'Failed', you will need to submit and amendment before submitting a cancellation document (for more information refer to the eCM Standards V4.4 High Level Document Cancellation Processing (https://www.equias.org/documents/1165008/0/EFET+ECM_v_4.4+Standards.pdf/c7c269d2-c6f1-941e-61ed-2421d981efad?version=1.0&t=1640172631230&download=true).

There is also now the option to cancel a ‘Matched’ trade. This is only possible if all organisations involved in the trade enable version 4.4 functionality on CMS (More information refer to the eCM Standards V4.4 'High Level Document Tear-Up Processing'