411. When reporting swaptions, the counterparties should provide both the fields related to options (fields 2.132-2.142) as well as the fields characterising the underlying swap (fields 2.79-2.110) .

412. Exercise of the swaption should be reported with action type 'Terminate' and event type 'Exercise'. The resulting swap should be reported with action type 'New' and event type 'Exercise' as well as with the field 2.3 'Prior UTI' populated.

413. The tables below illustrate how to report an original swaption, exercise of that swaption and the resulting swap.