Level

Field 2.99 | Matching Date: 2020-04-01 | Tolerance: None | Agent Lender Data Provision: Yes>

Status: Under Review, Last Updated: 03/07/2023

Field 2.99 | Matching Date: 2020-04-01 | Tolerance: None | Agent Lender Data Provision: Yes

Description:
Indication whether the report is done at trade or position level. Position level report can be used only as a supplement to trade level reporting to report post-trade events and only if the individual trades in fungible products have been replaced by the position.

Best Practice:
This field shall contain at least one code pertaining to the reporting level shall be provided, of which there are 2 options (x4 alphabetical characters).

It is recommended that "TCTN" is used in all cases for individual transaction reporting to support the agency lending model, as allocations require the notion of different reporting counterparties (Field 1.03).

Bank owned assets such as those in a principal model, will naturally align. (SFTR-119)