ESMA_QA_1547

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1547

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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: Price Multiplier for electricity derivative contracts

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Question

Submission Date: 04 September 2019

How should the field “Price Multiplier” (field 25 of Table 3 of the Annex of RTS 23) be populated for electricity derivative contracts?

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ESMA Answer

Answer Date: 04-09-2019

[ESMA 70-872942901-36 Commodity derivatives Q&A, Q&A 7.1] When reporting an electricity derivative contract, i.e. where Base product (field 35 of Table 3 of the Annex of RTS 23) is equal to “NRGY” and Sub product (Field 36 of Table 3 of the Annex of RTS 23) is equal to “ELEC”, a trading venue should report a value in MWh which is equal to the number of relevant hours of delivery during the delivery period, multiplied by the lot size in MW.

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