Question 2.1.32 Data Field (31)

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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 platform 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 centralised 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.

 

  Order info Trade info

Market Participant

Local Order ID

SIDC Order ID

Buy/Sell Side SIDC UTI
MP_OMP_1 1234 XBID_9876 B XBID_58769
MP_OMP_2 5678 XBID_5432 B XBID_58781
MP_OMP_3 9101 XBID_1098 S XBID_58781

 

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.

 

  Order info Trade info
Market Participant

Local Order ID

SIDC Order ID Buy/Sell Side SIDC UTI
MP_OMP2_1 G857 XBID_7913 S XBID_58769

 

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

Buy leg:

Table 1 field

Field Value

(1) ID of the market participant or counterparty

MP_OMP1_1

(27) Organised market place ID/OTC

OMP_1

(31) Unique transaction ID

XBID_58769

(33) Linked Order ID

XBID_9876

(48) Delivery point or zone

10Y-----------1A

 

Sell leg:

Table 1 field

Field Value

(1) ID of the market participant or counterparty

MP_OMP2_1

(27) Organised market place ID/OTC

OMP_2

(31) Unique transaction ID

XBID_58769

(33) Linked Order ID

XBID_7913

(48) Delivery point or zone

10Y-----------8Z
Updated: 
30/04/2021