The BMRA Service shall publish Credit Default Notices, as they are received from the ECVAA.
Credit Default Notices shall include all data listed in BMRA-I018, i.e.:
Credit Default Notice:
BSC Party ID
Credit Default Level
Entered Default Settlement Day
Entered Default Settlement Period
Cleared Default Settlement Day
Cleared Default Settlement Period
Cleared Default Reason
1. The Credit Default Level may be one of the following:
Level 1 Default;
Level 2 Default;
2. The Entered Settlement Day and Entered Settlement Period indicate when the BSC Party entered the reported default level.
3. The Cleared Settlement Day and Cleared Settlement Period indicate when the BSC Party cleared the reported default level.
4. The Cleared Default Reason indicates why the Party cleared default as supplied by ECVAA.
Data shall be published according to the formats defined in BMRA URS Appendix C. For more information please refer to the BMRA System Specification and Design Specification.
Credit Default Notices will be published 3 (parameterised) times at 20 minute (parameterised) intervals after receipt.