What collateralisation type to use?

Article 3b
Collateralisation

1. The type of collateralisation of the derivative contract referred to
in Field 21 of Table 1 of the Annex shall be identified by the reporting
counterparty in accordance with paragraphs 2 to 5.

2. Where no collateral agreement exists between the counterparties or
where the collateral agreement between the counterparties stipulates that
the reporting counterparty does not post neither initial margin nor
variation margin with respect to the derivative contract, the type of
collateralisation of the derivative contract shall be identified as
uncollateralised;

3. Where the collateral agreement between the counterparties
stipulates that the reporting counterparty only posts regularly variation
margins with respect to the derivative contract, the type of collateralisation of the derivative contract shall be identified as partially collateralised;

4. Where the collateral agreement between the counterparties
stipulates that the reporting counterparty posts the initial margin and
regularly posts variation margins and that the other counterparty either
posts only variation margins or does not post any margins with respect
to the derivative contract, the type of collateralisation of the derivative
contract shall be identified as one-way collateralised;

5. Where the collateral agreement between the counterparties
stipulates that both counterparties post initial margin and regularly
post variation margins with respect to the derivative contract, the type
of collateralisation of the derivative contract shall be identified as fully
collateralised.