Data fields related to lifecycle information
|This section includes the following fields:
45. Action type
Data Field No (45) Action type
||When the report contains:
– a contract reported for the first time, it will be identified as ‘new’;
– a modification of details of a previously reported contract, it will be identified as ‘modify’;
– a cancellation of a wrongly submitted report, it will be identified as ‘error’;
– a termination of an existing contract, it will be identified as ‘cancel’.
|Description of Accepted Values
This field identifies the type of action regarding the event that is being reported.
The first submission of a transaction to the Agency of a bilateral contract is an event which will be identified as “new”. Any modification of this report has to be notified to the Agency and reported as “modify”. An example of a report modification is when two parties agree to amend one or more terms of the original agreement (e.g. price, quantity or any other value previously reported). When a cancellation of a wrongly submitted report is needed, a report shall be submitted to the Agency and reported as “error” for its cancellation.
At any time during the term of a contract, the parties may agree or be forced to terminate the contract (i.e. they end the trade earlier than its natural maturity date). This early termination of an existing contract should be identified as “cancel”.
Last update: 09/05/2016