If an off-book trade is concluded via TES, what must be done regarding the offer conditions?

When an off-book trade is concluded via the Trade Entry Service (TES), it is essential that the offer conditions are entered within a specific time limit as per contract specifications. This requirement ensures that all terms of the trade are documented accurately and in accordance with the regulatory framework governing trading practices.

The time limit for entering these conditions is crucial, as it helps maintain the integrity of the trading process and ensures that all participants are aware of the terms under which the trade was executed. This also facilitates accurate record-keeping and provides clarity in the event of any disputes or inquiries about the trade.

Timely entry of offer conditions is vital not only for compliance but also for fostering transparency in the trading environment, which is essential for all market participants. Adhering to the specified time limits assists in aligning the off-book trades with market regulations and minimizes the risk of operational issues or misunderstandings.