additional configuration for shortcut method

Hi Team,

In  effectiveness test  in  Transaction Management,  the  hedge  strategies  are present.  Here there is  a   check box  for  'shortcut'.

It  says that  the   normal effectiveness check will not  be done.

1) I  need  help, because  user wants  me   to  check this box   in  a    strategy  that is  already in  use .  Can  I   do  the change now.  What  will be the  effect on  existing  hedge relationship using this   strategy eg. 201 .

2) In  shortcut method,  since no  real check  is  done ie the  test is always  assumed as  effective,  then  there will be  no posting to  P /L account.  The changes in derivative will  always be  on the  equity account only. 

Hope  you  can  help and    clarify the  2  points.

Thanks

kamala