SecuritiesTransactionPenaltiesReportV01semt.044.001.01

Definition: Type of the penalty.

Type: PenaltyType1Code (String)

Allowed Values:

• LMFP (Late Matching Failed Penalty): Applies from the intended settlement date until the matching date. The penalty is charged to the participant who was last to enter or modify the relevant settlement instruction (for example, "accepted timestamp" is later than the one of the counterparty's instruction) for the periods between the intended settlement date and the day of matching of the instruction.
• SEFP (Settlement Failed Penalty): Penalties apply to instructions that fail to settle on the intended settlement date. A settlement instruction that "fails to settle on that business day" must be understood as a settlement instruction that is not cancelled and remaining to be settled, fully or partially, by the time of the end of processing of the relevant cut- off.