594. In order to ensure alignment with Commission Delegated Regulation 2019/358, ESMA proposed that at the latest one hour following the conclusion of the reconciliation process, the TRs should provide to the reporting counterparties or the entities acting on their behalf response messages describing whether the derivative is reconciled or not. In the latter case, the TRs should detail the relevant data elements where reconciliation breaks take place and provide both values reported. Furthermore, for each UTI reported, the TR should assign the specific values with regards to the reconciliation of the derivative. The immediate response message will be for the derivatives that were reconciled on that day which might not be all the derivatives subject to reconciliation, as some might be reconciled from previous day and have not experienced modifications

595. One respondent proposed to distinguish reconciliation information provided by TRs between ETD trades and ETD positions, and to focus on ETD position information. As indicated previously ESMA rejects limitation of reconciliation and will explore ways to include information on the type of derivatives as part of the reconciliation feedback.

596. ESMA confirms that the reconciliation feedback will be provided at the level of each derivative and rejects the proposal that NCAs and counterparties should be provided information only percentage information on pairing and matching rates.