DerivativesTradeReconciliationStatisticalReportV02auth.091.001.02

Definition: Classification of derivative event type.

Type: DerivativeEventType3Code (String)

Allowed Values:

• ALOC (Allocation): Allocation event, where an existing derivative is allocated to different counterparties and reported as new derivatives.
• CLRG (Clearing): Process in which a CCP interposes itself between the counterparties to the contract becoming the buyer to the counterparty that was a seller and the seller to the counterparty that was a buyer.
• CLAL (Clearing And Allocation): Simultaneous clearing and allocation event in a derivatives clearing organisation.
• COMP (Compression): Compression or post-trade risk reduction exercise.
• CORP (Corporate Action): Result of a corporate action.
• CREV (Credit Event): Applies only to credit derivatives. A credit event that results in a termination or modification of a derivative, at a trade or position level.
• ETRM (Early Termination): Termination of an existing derivative transaction prior to scheduled termination or maturity date.
• EXER (Exercise): The exercise of an option or a swaption by one counterparty of the transaction, fully or partially.
• INCP (Inclusion In Position): Inclusion of an ETD or CFD into a position, where an existing derivative is terminated and either a new position is created or the notional of an existing position is modified.
• NOVA (Novation): The replacement of a party to a derivative contract with another party giving rise to a new derivative contract.
• PTNG (Porting): The process by which a derivative transaction is transferred to another trade repository using the same UTI.
• TRAD (Trade): Conclusion of a derivative or renegotiation of its terms that does not result in change of a counterparty.
• UPDT (Update): Outstanding derivative is updated to comply with the revised requirements on reporting.