345. With regards to the counterparty data, ESMA consulted on several use cases.
Q43. Do you believe there are other use cases that need to be further defined in this subsection? Do you agree with the applicability of those use cases to the different types of SFTs as outlined above? Please detail the reasons for your answers.
346. The CP referred to the counterparty data fields for various use cases.
347. Most respondents confirmed there were no other use cases which needed to be included in the Guidelines. One respondent indicated that in the context of prime brokerage margin lending, the two principal counterparties to the SFT are the prime broker and the client.
348. One respondent noted that the SFTR Level 1 provisions were generally sufficient. However, they noted that Table 6 in the CP indicated non-cleared SFTs concluded by UCITS funds could not be applicable to margin lending. The respondent flagged that UCITS cannot have a margin loan, nor can they go short and so such a scena
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