INTC is used when transactions are booked over an house account and the priceIS NOTaltered ("technical sell/buy"). This feature can be used when the house is buying on the market and selling to customer/customers. It can also be used when two customer make a deal.
When reporting, Trading Capacity is always AOTC, never DEAL or MATCH. The trading Venue can be a market or OTC (XOFF).
No
Field
Values Report #1
Values Report #2
Values Report #3
4
Executing entity identification code
{LEI} of Investment Firm X
{LEI} of Investment Firm X
{LEI} of Investment Firm X
7
Buyer identification code
{LEI} of CCP for Trading Venue M
INTC
INTC
16
Seller identification code
INTC
{LEI} fo Client A
{LEI} of Client B
28
Trading date time
2018-09-16 09:20:15.374
2018-09-16 09:20:15.374
2018-09-16 09:20:15.374
29
Trading capacity
AOTC
AOTC
AOTC
30
Quantity
1000
500
500
33
Price
45,1234
45,1234
45,1234
36
Venue
Segement {MIC} of Trading Venue M
XOFF
XOFF
62
Short selling indicator
SESH
SELL
When do we NOT use INTC
When the house takes a spread in the deal then we need to book it over the house account and not use INTC
When there is only one depot involved in the deal you can book it over the house and then use Trading Capacity = DEAL or you can book it direktly and then use Trading Capacity= AOTC.
The aggregate client account (‘INTC’) should only be used in the circumstances set out in these Guidelines. It should not be used for reporting an order for one client executed in a single execution or for an order for one client executed in multiple executions. Where there is a transfer into the aggregate client account (‘INTC’) there should be a corresponding transfer out of the aggregate client account within the same business day of the executing entity in the transaction report such that the aggregate client account is flat. The apparent movement through ‘INTC’ is a convention used for reporting to provide a link between the market side and client side of transactions and does not indicate that such a client account exists in reality or that ownership of the instrument actually passes through the Investment Firm’s books.