What is the difference between a Cancellation (C) and Error (E) in REMIT?

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• What is the difference between a Modification (M) and Error (E) for REMIT reporting?

  A modification can only be used when the bilateral terms of the trade have changed and both parties involved in the trade should send a modified submission. An error should be sent when there is a mistake is in the submission that needs correcting. ...

• If Submitting an ActionType Error in CpML why does the REMIT Transaction Screen show two lines?

  This is due to the process logic. If a CpML for REMIT T1 is sent, a T1 file is generated in a first step, mapped on the basis of the input CpML. If you have ActionType 'N'ew in the input CpML, only one record is created. But if you submit ActionType ...

• Which trade states allow cancellation?

  You can only cancel from state ‘Pending’ and ‘Preliminary Matched’. If your trade is in 'Error' or 'Failed', you will need to submit and amendment before submitting a cancellation document (for more information refer to the eCM Standards V4.4 High ...

• How do I correct a mistake in a REMIT submission?

  Where a genuine error has been made (i.e. incorrect information has been entered into the trade/order details) and your submission needs correcting you need to wait for the submission to be Accepted by ACER and then take the following steps: Send an ...

• 'Price' and ‘Notional Amount’ fields in eRR REMIT Table 1 Trade Entry screen (index reporting)

  The ACER Open Letter advises that the reporting party should the definitions in the TRUM regarding the field (No. 38). There have been cases where zero value has been reported with no index. The TRUM state: This field should be left blank for trades ...