Common use of Mandatory Reporting Clause in Contracts

Mandatory Reporting. 2.1 In respect of each Relevant Transaction for which Mandatory Reporting is specified to apply in the applicable Annex, the Delegating Party: 2.1.1 agrees it will deliver to the Reporting Party (either directly or otherwise via a third party platform or other central data storage provider) its Counterparty Data (including Static Data); 2.1.2 agrees that, with respect to Static Data, upon it becoming aware of any such data ceasing to be true, accurate and complete in every material respect, it will, to the extent that it uses a third party platform or other central data storage provider in respect of the Relevant Data, update Static Data on such platform or provider and in any event immediately notify the Reporting Party of any change to such data; 2.1.3 represents to the Reporting Party that the information it delivers under Section 2.1.1 of these Mandatory Reporting Provisions is, at the time of delivery and in respect of Static Data, on an ongoing basis, true, accurate and complete in every material respect; 2.1.4 acknowledges that the Reporting Party may, if the Delegating Party fails to provide Counterparty Data in accordance with Section 2.1.1 of these Mandatory Reporting Provisions, determine the values to be submitted to the Relevant Trade Repository in its sole discretion (which may, for the avoidance of doubt, comprise default values) in order to comply with its Reporting Obligation and the Reporting Party shall not incur any liability to the Delegating Party, whether in contract, tort (including negligence), breach of statutory or regulatory duty or otherwise with respect to the accuracy or completeness of any such values and shall be under no obligation to the Delegating Party to subsequently correct any such data submitted to the Relevant Trade Repository; and 2.1.5 acknowledges that the Reporting Party may rely on the Counterparty Data without investigation. 2.2 In respect of each Relevant Transaction, the Reporting Party will determine in its sole and absolute discretion whether its Reporting Obligation has arisen and the characterisation of the Relevant Transaction. If unique reference(s) need(s) to be generated for inclusion in

Mandatory Reporting. 2.1 In respect of each Relevant Transaction for which Mandatory Reporting is specified to apply in the applicable Annex, the Delegating Party: 2.1.1 2.2.1 agrees it will deliver to the Reporting Party (either directly or otherwise via a third party platform or other central data storage provider) its Counterparty Data (including Static Data); 2.1.2 2.2.2 agrees that, with respect to Static Data, upon it becoming aware of any such data ceasing to be true, accurate and complete in every material respect, it will, to the extent that it uses a third party platform or other central data storage provider in respect of the Relevant Data, update Static Data on such platform or provider and in any event immediately notify the Reporting Party of any change to such data; 2.1.3 2.2.3 represents to the Reporting Party that the information it delivers under Section Section 2.1.1 of these Mandatory Reporting Provisions is, at the time of delivery and in respect of Static Data, on an ongoing basis, true, accurate and complete in every material respect; 2.1.4 2.2.4 acknowledges that the Reporting Party may, if the Delegating Party fails to provide Counterparty Data in accordance with Section 2.1.1 of these Mandatory Reporting Provisions, determine the values to be submitted to the Relevant Trade Repository in its sole discretion (which may, for the avoidance of doubt, comprise default values) in order to comply with its Reporting Obligation and the Reporting Party shall not incur any liability to the Delegating Party, whether in contract, tort (including negligence), breach of statutory or regulatory duty or otherwise with respect to the accuracy or completeness of any such values and shall be under no obligation to the Delegating Party to subsequently correct any such data submitted to the Relevant Trade Repository; and 2.1.5 2.2.5 acknowledges that the Reporting Party may rely on the Counterparty Data without investigation. 2.2 In respect of each Relevant Transaction, the Reporting Party will determine in its sole and absolute discretion whether its Reporting Obligation has arisen and the characterisation of the Relevant Transaction. If unique reference(s) need(s) to be generated for inclusion inin the Relevant Data, the Delegating Party agrees that the Reporting Party may generate such unique reference(s).