If the required CAT order events, including the New Order and Trade Event were not previously reported to CAT, they must be reported and will be marked late. The late reported CAT Trade Event must link to the “as of” trade report submitted to the TRF. If the CAT Trade Event was reported on time, it would have been marked as unlinked since there was no related trade report available for linking. After processing, the unlinked CAT Trade Event will be marked as corrected provided it could be linked to the “as of” TRF report.