4.8.1 Applicable action types
70. Counterparties to an SFT should report the conclusion, modification and termination of an SFT. In case none of the details of the SFT, as expressed in the data fields, have changed, the counterparties should not report again details of the SFT.
71. Valuation updates should be reported only when there is a change in the value of the securities on loan or used as collateral.
72. In the case of collateral reporting, the counterparties should not report any intraday changes in the collateral, but only the end of day state.
73. Action types are mutually exclusive. The reporting with each different action type bears different information for authorities both from business and data management perspectives. Therefore, the counterparties should strive to report the correct action type.
4.8.2 Full snapshot versus partial reporting of amendments to SFTs
74. In the case of amendments pertaining to the SFTs, both lifecycle events and corrections, counterparties sho
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