How does a retraction event work?

[deepisidhu]

Hi, I'm trying to understand how to interpret Retraction events. I assume that a retraction event is similar to a cancellation, in that it's used to undo a previous event. If that is correct, how do you reference back to the original event that this retraction is correcting?

{
"object_type": "TX_PLAN_SECURITY_RETRACTION",
"id": "test-plan-security-retraction-full-fields",
"security_id": "0f96b82a-6dc5-4205-bcb1-15740e5f8304",
"date": "2022-01-24",
"reason_text": "We wish to make a retraction",
"comments": ["A", "Series", "Of", "Comments"]
},

[JSv4]

Hey @deepisidhu, thanks for the question. Retraction is similar to a cancellation, but was envisioned to work in situations where a security was not actually accepted / delivered for whatever reason. The example some of the vendor teams floated was where you had an option approved and issued to someone but they left before accepting the option.

[deepisidhu]

Got it, thanks for the explanation!