Document ID: chunk:federal_register_of_legislation:F2024C01137:reg:15
Version: federal_register_of_legislation:F2024C01137
Segment Type: reg
Provision Reference: reg 15
Character Range: 94357–96441

15                                                                         Direction 2—Leg 1                                An indicator of whether the Reporting Entity is the payer or the receiver of leg 1 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.
                                                                                                                            This data element is required for Reportable Transactions where an allowable value is not reported for Direction 1 (item 14 above).
                                                                                                                            This data element is not applicable to Reportable Transactions for which an allowable value for Direction 1 (item 14 above) is required to be reported.