GTR ASIC FAQs

This section summarizes some of the key Functional Changes from the ASIC 21 October 2024 release.

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  • Addition of new fields, changes to existing fields, and removal of some fields
  • Introduction of UPI
  • Global UTI implementation where UTI generator's LEI is embedded in the UTI for all new trades
  • ISO 20022 XML is mandatory with an Introduction of Usage Guidelines
  • Implementation of Action Type and Event Type
  • Removal of GTR Action, Transaction Type, and Lifecycle Event Type
  • Implementation of new validation rules which restrict the valid combinations of Action Type & Event Type. This change will control the allowable sequence of submissions
  • Initialization of Action Type information by DTCC at go-live so that post-go-live submissions can continue in sequence
  • The Trade Uniqueness will change from Trade Identifier + Reporting Counterparty + Reporting Counterparty 2 to Trade Identifier + Reporting Counterparty
  • A cleanup requirement will address duplicates trades (same Trade Identifier + Reporting Party, but with multiple Counterparty positions)
  • Changes to Collateral Reporting which supports both trade level and portfolio level collateral as well as two portfolio codes (Initial Margin and Variation Margin)
  • No requirement to merge collateral valuation details onto the Trade State Report but valuation details will be merged
  1. The Participant Report suite will expand to include the following reports:
    1. Margin State
    2. Margin Activity
    3. Margin Submission Reports
    4. EOD Trade Allege
    5. Intraday Allege Activity
  2. In addition, the Participant Report will include the following asset-specific reports:
    1. Trade State
    2. Trade Activity
    3. Submission Reports
  3. Participant Reports will be available in XML format, though CSV remains an available option

    Note

    The Submission Report and the Margin Submission Report are exempt; both reports will only be available in CSV format.

  • Existing CSV and FpML submission formats will be decommissioned
  • Data migration requirements to support transition period. Specifically, the requirement to update existing live trades with the new, required fields