Authorising Reallocations

If you are the Counterparty The authoriser of the Reallocation to a Reallocation A reallocation transaction, as defined in the NER, the submitting company notifies you when a Reallocation is available for authorisation. Before the Reallocation can come into effect, you must authorise it. Before authorising, check the submitted details carefully because you must re-confirm them and match the details exactly to what was submitted, otherwise the authorisation is not accepted.

There is one exception to this, and it is the Reference field. You can change or add your company’s reference for the Reallocation. You cannot alter the other party’s reference.

If any details shown on the form are incorrect, you need to contact the submitting party off line and organise for them to correct the details. The submitting party then submits a new Reallocation with the correct details. When the submitting party submits a new Reallocation, be sure to select the new one for authorisation (not the incorrect version).