ESMA_QA_1541
Status: ✅ Answer Published
Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1541
Regulatory Context
Regulation : MIF2
Level 1 Regulation: Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
Level 2 Regulation: No information available
Level 3 Regulation: No information available
Topic: Position reporting
Subject Matter: Position reporting
Question
Submission Date: 15 December 2017
How is the position quantity field reported for contracts that relate to delivery of the same underlying over different periods of time?
ESMA Answer
Answer Date: 15-12-2017
[ESMA 70-872942901-36 Commodity derivatives Q&A, Q&A 4.19] The Position Quantity held in a contract must be reported in the same unit as used by the Competent Authority to set the position limit for that contract. The position limits for those contracts that refer to the same underlying commodity but have a variety of delivery periods, e.g. annual (calendar), quarterly, monthly, weekly (whole week, working day week and weekend) or daily are set in units of underlying since a lot does not represent a standard quantity of underlying across all maturities/delivery periods. Thus, for these contracts, the figures reported in the field position quantity must be expressed in units of underlying.
This document was automatically extracted from the ESMA EMIR Q&A database.