1. Where an existing contract is subsequently cleared by a CCP, clearing should be reported as a modification of the existing contract.
1.Where a derivative contract whose details have already been reported pursuant to Article 9 of Regulation (EU) No 648/2012 is subsequently cleared by a CCP, that contract shall be reported as terminated by specifying in field 93 in Table 2 of the Annex the action type ‘Early Termination’, and new contracts resulting from clearing shall be reported.
2. 2. Where a contract is both concluded inon a trading venue and cleared by a CCP such that a counterparty is not aware ofon the identitysame ofday, only the othercontracts counterparty,resulting thefrom reporting counterpartyclearing shall identifybe that CCP as its counterparty.reported.