Update on the Amended Validation Rules for Table1

 

We would like to inform you about the most recent updates we received from ACER. 

Please see their statement in the following:

Following our communication sent on validation rules  today (https://remitcloud.de/en/changes-in-validation-rules-related-to-table-1-2/) we have received inputs on the 2 amended validation rules (2BCDPR2 and 2BCDPTR2)  that we are addressing with the entities that opened the CSD tickets.

We have temporarily deactivated the two rules to allow reporting parties to report and work on the compliance with the new rules definition.

In order to avoid any potential misalignment in the implementation of changes by reporting entities we kindly ask RRMs that received rejections with errors R2CDPRCMOSP or R2CDPRCMTSP to open tickets and describe the reported contracts impacted by the validation rules (particularly a type of contract and information reported in fields 25, 35, 36 and 57). We will get back to you to clarify any questions you might have.

Rule 2AODOEDR2x (Error code: R2ODOEDOPT) remained activated.

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СHANGES IN VALIDATION RULES related to Table 1

 

Please be informed that 3 existing validation rules related to Table 1 have been modified in ACER PROD with effect as of 19 June 2021 in order to be in line with TRUM v.4.1 (https://documents.acer-remit.eu/remit-reporting-user-package/trum/).

The current validation rules remained and the modifications are additions to allow reporting Asian Options with “S” value, Market to Limit Orders (MTL) and Fixing index or reference price without dummy value in price fields.

The details and adjustments that might be necessary when reporting Table 1 are highlighted below.

Data Field No (44) Option style

 

• 2AODOEDR2x

Error code: R2ODOEDOPT

The rule has been adjusted to allow the reporting of Asian options (S), since in case of Asian options the delivery start date is prior to the option exercise date (condition which would trigger the validation rule without the newly introduced exception).

MP action:

Please start using the value ‘S’ (S=Asian Options) in Data Field No (44) Option style when reporting Asian options. Until now RRMs had to use ‘O’ when reporting Asian Options.

Data Field No (35) Price and Data Field No (57) Price/time interval quantity => Orders

 

• Rule 2BCDPR2

Error code: R2CDPRCMOSP

At the moment, the validation rule allows one exception when price does not have to be provided in any of the price fields (field 35 or field 57): when Order type=MAR (market order) AND Contract type=AU. The rule has been amended adding other two exceptions in which it is possible to have orders without a defined price:

a. MTL orders on Continuous (CO) markets –> OrderType=MTL AND Contract type=CO

b. When data field (25) Fixing index or reference price is populated.

MP action:

a. When using the value “MTL” (Market to Limit Order) in Data Field No (14) Order type do not to populate any dummy values (that had to be previously applied due to the VR formulation) in field (35) or field (57).

b. When using data field (25) Fixing index or reference price and do not populate field (35). Relevant for e.g. Trading at Settlement (TAS) order types.

For reference:

TRUM: Data Field No (25) Fixing index or reference price.This field identifies the name of the index used to fix the price of the traded contract as reported by the publisher or the reference price used to settle a derivative.

If a fixing index or a reference price is reported in field (25), then field (35) shall be left empty.

Data Field No (35) Price and Data Field No (57) Price/time interval quantity => Trades

 

• Rule 2BCDPTR2

Error code: R2CDPRCMTSP

In line with the modification of Rule 2BCDPR2 (for orders), this rule related to trades has been amended adding an exception when price does not have to be provided in any of the price fields (field 35 or field 57): when data field (25) Fixing index or reference price is populated.

MP action:

When using data field (25) Fixing index or reference price and do not populate field 35. Relevant for e.g. Trading at Settlement (TAS) trades.

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СHANGES IN VALIDATION RULES related to Table 1

 

Last week our Managing Director Julia Berestova visited the 3rd Energy Market Integrity and Transparency Forum in Ljubljana, organised by the Slovenian Ministry of Foreign Affairs. The forum was organised to improve the disclosure of inside information under #REMIT and to improve the overall transparency of wholesale energy markets.

Further information can be found on the ACER page.СHANGES IN VALIDATION RULES related to Table 1

 

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Webware at the 3rd Energy Market Integrity and Transparency Forum in Ljublijana

 

Last week our Managing Director Julia Berestova visited the 3rd Energy Market Integrity and Transparency Forum in Ljubljana, organised by the Slovenian Ministry of Foreign Affairs. The forum was organised to improve the disclosure of inside information under #REMIT and to improve the overall transparency of wholesale energy markets.

Further information can be found on the ACER page.Webware at the 3rd Energy Market Integrity and Transparency Forum in Ljublijana

 

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