How to Cancel nomos one

To cancel an agreement in the Nomos One system, you need to follow these steps, which are specifically related to the process of surrendering or early terminating an agreement.

Initiating the Cancelation

• Navigate to the Agreement Timeline in the Nomos One system.
• Click on Action > Create / Edit Events to go to the Events page of the Agreement Wizard.
• Scroll down to the Surrender section and record the date your surrender is scheduled for. Note that the Surrender date must be at least two days before your Expiry Event is scheduled.

Adding the Surrender Event

• Enter the date of the surrender and click Done at the top or bottom of the page to return to the Agreement Timeline.
• A new icon for the Surrender Event will appear on the Agreement Timeline.

Completing the Surrender Event

• Ensure all historic Events on the Agreement Timeline have been completed before proceeding.
• Click on the Surrender icon and at Step 1, click Start Event.
• At the Data change step, select Yes, the agreement will be surrendered, then click Next.
• Upload any supporting documentation or select No Documentation, then press Next.
• Check that the Data Change Date matches the Surrender event Date. If it matches, click Complete. If it doesn’t match, click Edit to adjust the date before moving on to click Complete.

Updating IFRS 16 Settings

• If necessary, update the IFRS 16 Settings Change questionnaire on the Surrender Event. Select Yes, Settings should change and indicate whether this is a Surrender or Termination.
• If there is a penalty fee associated with the surrender, record this by toggling the bar to Yes and entering the amount.
• Click Save to finalize the changes.

Final Steps

• Ensure the Agreement remains active for reporting purposes until the surrender date.
• Any Events scheduled to occur after the Surrender date will remain on the Agreement Timeline but will not be included in reports after the surrender date.

By following these steps, you can effectively cancel or surrender an agreement in the Nomos One system.