442. When performing the inter-TR reconciliation process the TRs pair loans, then (i) reconcile the loans on the loan reconcilable fields and in parallel (ii) reconcile the collateral on the collateral reconcilable fields. The collateral thus will not be paired regardless of whether it is trade based collateral or net exposure collateral. Only loans should be paired, and the collateral associated with the loans for both trade-based collateral or net exposure-based collateral will be matched. The TRs should not pair collateral and, in that case, if one side does not provide net exposure collateral, then every collateral asset will be reported in the Reconciliation Results Status report under "Not Matched", and the Collateral Reconciliation Status will be "Not Reconciled".
Table 114 [view table in PDF]
443. Following the receipt and acceptance, following verification, of a message with action type "EROR", the TR should remove a given SFT from the reconciliation with immediate effect, i.
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