Question 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 invalidated, then a record with Action type E should be submitted to the Agency.

The corrected report should be then sent with Action type N.

If a “new” report is due to be reported on T+1 basis, all of the lifecycle 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 lifecycle 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).

For further information, please refer to Annex VII to the TRUM.