426. The following scenario is considered:

- The derivative is concluded on 1 June 2018;

- notional of the contract: 1,000,000 EUR;

- maturity date of the contract: 31 December 2018;

- the swap is physically settled;

- Bank A sells EUR and gets GBP for the near leg (and delivers GBP and receives EUR for the far leg);

- the exchange rate of the near leg is 0.88 EUR/GBP, while the exchange rate of the far leg is 0.865 EUR/GBP;

- the two settlement dates are 01/08/2018 and 31/12/2018.

427. On 17 July there is a compression of the near leg, while the far leg continues. Therefore, the FX swap needs to be terminated with action type 'TERM' and event type 'COMP' and the FX forward contract arising from this compression has to be reported with a new UTI and flagging the 'PTRR' field as true. 'PTRR ID' is provided by the PTRR service provider WWWWWXXXXXYYYYYZZZZZ and populated both for the FX forward and the termination report of the FX swap.

428. This way of reporting is envisaged only in the cases where lifecycle events impact a single leg of an FX swap. It should not be followed in case of a normal settlement of a near leg, as envisaged in the original contract.

429. In line with the validation rules, only a limited subset of fields is required for action type 'TERM'.