Question 2.1.32 Data Field (31)

How should OMPs report transactions that take place in the XBID platform for the Single Intraday Coupling (SIDC)?

What about cross border transactions between OMP_1 and OMP_2 zones? How should the UTIs of such transactions be reported?

Answer

All transactions in XBID receive an identification code from the matching platform. Therefore:

• when reporting orders, the OrderID provided by the matching platform when the order is initially submitted should be used to populate field(13), adding “XBID_” as incipit.
• when reporting trades, the UTI provided by the matching platform should be used to populate field(31), adding “XBID_” as incipit.

In both cases, the transaction timestamp should reflect the one provided by the matching platform. Field(21) and field(22) should be populated according to the indication provided in the FAQ 2.1.18.

Example

OMP_1

OMP_1 offers to trade SIDC contracts with delivery in the delivery point or zone 10Y-----------1A

The following orders in the OMP_1 order book are matched, as defined in the Trade Info.

OMP_2

OMP_2 offers to trade SIDC contracts with delivery in the delivery point or zone 10Y-----------8Z

The following order in the OMP_2 order book is matched, as defined in the Trade Info.

For the REMIT data reporting, the cross-border trade identified by the UTI XBID_58769 should be reported as follows:

Buy leg:

Sell leg: