REMIT reporting - non-standard contracts with two delivery zones
REMIT Reporting Database


 

 

Frequently Asked Questions (FAQs) on REMIT transaction reporting

 

Question 3.1.6

 

How should we report non-standard contracts and executions under the framework of non-standard contracts with two delivery zones?

 

Answer

 

A non-standard contract that includes more than one delivery zone is reported with Table 2 by repeating the corresponding Field (48) delivery point or zone as many times as the delivery zones included in the contract identifying each EIC Y code. When executions under the framework of a non-standard contract have a price which is set with different price formula depending on the delivery point of the commodity, then these executions should be reported separately (one report for each delivery point). When executions under the framework of a non-standard contract have a price which is set with one price formula for all the delivery points of the commodity, and the volume split is known to the market participant, then these executions should be reported separately (one report for each delivery point).

 

When executions under the framework of a non-standard contract have a price which is set with one price formula for all the delivery points of the commodity, and the volume split is NOT known to the market participant, then these executions can be reported with one report (e.g. one report indicating the total volume and indicating , for example, two delivery points)

 

 

 

 

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Last Updated on Saturday, 16 April 2016 14:21
 

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