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What is REMIT Delegated Reporting?
Delegated Reporting allows you to report REMIT transactions either for your own company or on behalf of another company. The selected Delegation Type determines which transaction side or sides will be reported.
| Delegation Type | Meaning |
|---|
| None | Reports the transaction for your own company only. |
| Mirror | Reports both your company’s side and the corresponding counterparty side of the transaction. |
| 3rd Party | Reports one transaction side on behalf of another company. |
| 3rd Party Mirror | Reports on behalf of another company and includes the corresponding mirror side of the transaction. |
Setting up Delegated Reporting
Before using Delegated Reporting, the relevant counterparty must be configured under:
Static Data → Counterparty Private Data → Regulatory Reporting Details
For REMIT reporting, enable both Active and Report on behalf for the relevant counterparty.
Once configured, the counterparty will be available for selection when setting up delegated REMIT reporting.