598. The reconciliation of valuation from trade-level or position-level perspective should follow the guidance provided in section 6.2.2.

599. When one of the counterparties to the derivative is an NFC-, that entity is not required to report valuation data. Even if an entity not obliged to report valuation information does so, TRs should omit such information from the reconciliation process.

600. When both counterparties have an obligation to report valuations, TRs should include all the relevant valuation data in the reconciliation process and flag the derivatives where one of the counterparties have not reported valuation or where there are reconciliation breaks between the information as not reconciled.

601. Please refer to section 6.3.3 on the interplay of the reconciliation of valuation status with the reconciliation status of the derivative.