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REMIT

TRUM updated with transportation contract changes

ACER have issued a new version of the REMIT Trade Reporting User Manual (TRUM), version 2.2, which can be found here. The primary change appears to be instructions on how to fill in the “sender information” field in tables 3 and 4, which are used to report transportation deals for power (table 3) and gas (table 4). The changes can be found on pages 109 and 139.

The document specifies that for secondary trades (which must be reported by the market participant), the EIC code of the RRM may be inserted into this field. The insertion mentions that using the field in this way is an extension to the original purpose of the schema.

Information on tables 3 and 4 was issued quite close to the 7th of April deadline, and many have struggled to understand the contents of the fields. Market participants will now need to ensure that the field is filled correctly for the purpose of reporting secondary transportation trades.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

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