ESMA_QA_924

Status: ✅ Answer Published

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Regulatory Context

Level 1 Regulation: Regulation 648/2012 - OTC derivatives, central counterparties and trade repositories (EMIR) - CCPs

Topic: Other issues (CCP)

Subject Matter: Mark-To-Market value reporting

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Question

Submission Date: 15-05-2023

How should the mark-to-market value of contracts for difference that are not cleared by a CCP be reported in accordance with Regulation (EU) No 648/2012 and standard 13 of the international financial reporting standards?

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ESMA Answer

Answer Date: 27-03-2025

Dear Sender,

Thank you for reaching out to ESMA. Please accept our apologies for the delayed response.

Regarding your question, as clarified in TR Question 3b of the Q&As on the implementation of EMIR, the mark-to-market (MtM) value should reflect the total value of the contract.

For Contracts for Difference (CFDs) that are not cleared by a Central Counterparty (CCP), the MtM value should be calculated as follows:

MtM = Quantity x End-of-Day Settlement Price

This calculated value should be reported under Field 2.21 - “Valuation amount” in accordance with EMIR reporting requirements. The conditions and dependencies for reporting in Field 2.21 are further outlined in the EMIR validation rules.

We hope this addresses your query. Please feel free to reach out if you require further clarification.

Kind regards,

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This document was automatically extracted from the ESMA EMIR Q&A database.