Timeliness Calculations - REMIT

Category	How to identify	Message Required Submission Calculation
Transactions executed on OMPs	[Contract Name] is not populated with “BILCONTRACT” or “EXECUTION”	T+1 BUSINESS DAY FROM TRANSACTION TIMESTAMP
Transactions executed bilaterally relating to standard contracts	[Contract Name] is populated with “BILCONTRACT” and Contract Details match a Contract present on the REMIT list of Standard Contracts	T+1 BUSINESS DAY FROM TRANSACTION TIMESTAMP
Transactions executed bilaterally relating to non-standard contracts with an agreed price and quantity	[Contract Name] populated with “BILCONTRACT” and Contract Details do not match a Contract present on the REMIT list of Standard Contracts	T+1 MONTH FROM TRANSACTION TIMESTAMP
Transactions executed within the framework of a separately reported non-standard contract	[Contract Name] populated with “EXECUTION”	T+1 MONTH FROM TRANSACTION TIMESTAMP

Fields used to match a reported contract to the REMIT standard contract list:

For Bilateral Contracts, distinguishing between Standard and Non-standard contracts requires referencing the REMIT List of Standard Contracts