4755. Trade classification where a Dealer Member does not enter a trade into the matching utility

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    1. If a Dealer Member accepts or rejects a trade entered into an acceptable trade matching utility by another Dealer Member under clause 4753(1)(ii) or takes no action on a trade entered into an acceptable trade matching utility by another Dealer Member, the trade is considered for each dealer trade counterparty to be a compliant trade, a “don’t know” (DK) trade or a non‑compliant trade according to the following table:

       

      Action of other Dealer Member

      Enter trade at or before 6 p.m.

      Enter trade after 6 p.m.

      Action of Dealer Member

      Accept at or before 6 p.m.

      Dealer Member compliant trade

      Other Dealer Member compliant trade

       
      Accept after 6 p.m.

      Dealer Member non‑compliant trade

      Other Dealer Member compliant trade

      Dealer Member non‑compliant trade

      Other Dealer Member non‑compliant trade

      Reject at or before 6 p.m.

      Dealer Member don’t know or DK trade

      Other Dealer Member don’t know or DK trade

       
      Reject after 6 p.m.

      Dealer Member non‑compliant trade

      Other Dealer Member don’t know or DK trade

      Dealer Member don’t know or DK trade

      Other Dealer Member non‑compliant trade

      No action

      Dealer Member non‑compliant trade

      Other Dealer Member compliant trade

      Dealer Member non‑compliant trade

      Other Dealer Member non‑compliant trade

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