Why has the CpML UTI character format been increased to 100 characters?

Why has the CpML UTI character format been increased to 100 characters?

The CpML UTI character format has been increased from 52 to 100 characters as a result of a recent implementation by EPEX Spot.

However, the 100 character UTI format was actually in place from the launch of REMIT (TRUM Page 62) but at the time Equias took the decision to keep the CpML as a universal standard, 52 characters, as defined by ESMA for EMIR.

Following the recent Equias UAT and Production CMS release (February 2018), it is important that organisations that use eCM also apply the patch because if one of their counterparties applies the new patch and creates a UTI that is more than 52 characters and the other organisation does not, this will prevent the CMS sending successful box results.

As successfully sending the box result is part of the eCM process, the trade will then get stuck in RECEIVING and the match will not happen.

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