The six most common EMIR reporting errors
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TRAction’s reporting services include data validation and data enrichment to ensure any errors identified are resolved and the format meets Trade Repository (TR) and regulatory requirements prior to submission.
We’ve identified the most common errors (for both EU and UK EMIR) in the data we receive from our clients:
- Original Not Found
- Invalid Lifecycle Transition
- ‘Valuation timestamp’
- ‘Country of the counterparty 2’ field populated with invalid country code
- UTI reused for a new trade
- Invalid LEI used
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