502. This subsection illustrates population of relevant fields to report lifecycle events.

5.2.1.1 New bilateral derivative at trade level that is not cleared

503. Table 49 illustrates the population of the reporting fields in case of a new derivative, which is not cleared. This is how the derivatives that are bilateral should be reported, at trade level.

5.2.1.2 New bilateral derivative at trade level that is cleared on the same day or after

504. Table 50, Table 51 and Table 52 illustrate the population of the reporting fields by a counterparty in case a new derivative is concluded bilaterally and cleared afterwards on the same day or after. Counterparties should submit a derivative report with action type 'Terminate' and event type 'Clearing' to indicate the termination of the trade reported as uncleared. Afterwards the counterparty should submit a derivative report with action type 'New' and event type 'Clearing' to indicate that the derivative has been cleared. The counterparty should provide 'Prior UTI' in this last report. The sequence of the submissions is illustrated in the below tables.