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          When you delete a dynamic watermark, it is no longer available
to add to a new policy. However, the watermark remains on existing
policies that currently use it, and documents that the policy currently
protects continue to show the dynamic watermark until you or a user
edits the policy that contains the deleted watermark. After the
policy is edited, the watermark is no longer applied. A message
appears, indicating that the existing watermark is deleted on the
policy and the user can select another one to replace it.  
In Administration Console, click Services > LiveCycle
Rights Management ES3 > Configuration > Watermarks.  
 
Select the check box beside the appropriate watermark and
click Delete.  
 
Click OK. 
 
 
 
          
           
          
          
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