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FAQs on transaction reporting – Question II.3.5.1

What happens if an event has been reported with an error?

Do we have to send a first report with “Error” and then a second one with “New” or another status?

Do we still have to send the report no later than one working day after the sell for the standard contract (than one month after the invoicing for the non-standard contract)?


Answer:

When a wrongly submitted trade needs to be cancelled, then an “error” report should be submitted to the Agency. No other reports shall be sent or re-sent (such as the original one). For the reporting of lifecycle events, the same timeline for the first report applies.

If a “new” report is due to be reported on T+1 basis, all of the life cycle events related to that report have to be reported on a T+1 basis. If a “new” report is due to be reported on T+1 month basis, all of the life cycle events related to that report have to be reported on a T+1 month basis. Examples of “modification”, “early termination” and “error” reports are available in Annex II to the TRUM (e.g. examples 4.51 to 4.54).

Last update: 16/02/2016   RSS_Icon Subscribe to this Page’s RSS