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File Content and Frequency

File Content and Frequency

Files should be sent to the market vendor at least once a day by both counterparties. Where vendors offer more frequent reconciliation capabilities, counterparties may choose to match trades on a more frequent basis. These files should contain all details of underlying loans in order to facilitate complete Compare. This comparison can be performed on all aspects of the underlying loan contract. The minimum amount of fields that should be compared are:
- Security name
- Security identifier
- MIR (Manufactured Income Rate)
- Nominal
- Value
- Fee/Rate
- Trade dates
- Collateral type
- Collateral currency

NB: Further fields can be compared if bilaterally agreed with counterparties. (IBP-155 AGREED IN 2017)

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