Document ID: chunk:federal_register_of_legislation:F2024C01137:reg:16
Version: federal_register_of_legislation:F2024C01137
Segment Type: reg
Provision Reference: reg 16
Character Range: 96441–99110

16                                                                         Direction 2—Leg 2                                An indicator of whether the Reporting Entity is the payer or the receiver of leg 2 at the time the Reportable Transaction is entered into.                                                                                                                                                                                                                                                                                               As specified in the applicable paragraph of column 5 of this item.                                                                                                           1.      MAKE—if the Reporting Entity is the payer; or
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  2.      TAKE—if the Reporting Entity is the receiver
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               and which is not the same as the indicator reported for Direction 2—Leg 1 (item 15 above).
                                                                                                                            This data element is required for Reportable Transactions for which an allowable value is reported for Direction 2—Leg 1 (item 15 above).
Data elements related to dates and timestamps