ESMA_QA_1680

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1680

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Regulatory Context

Regulation : MIFIR

Level 1 Regulation: Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: ESMA70-1861941480-56 Questions and Answers on MiFIR reporting

Subject Matter: Instrument identification code and Underlying instrument code

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Question

Submission Date: 02 February 2017

How should Field 26 (Underlying instrument code) be populated in the case of a futures contract on sovereign bonds?

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ESMA Answer

Answer Date: 02-02-2017

[ESMA 70-1861941480-56 MiFIR data reporting Q&A, Q&A 4.3] In case of a futures contract on sovereign bonds, field 26 (Underlying instrument code) should be populated with the ISIN of the cheapest-to-deliver bond. If this is unknown, this field should be populated with the ISIN of any of the bonds issued by the issuer. This concept also applies to transaction reports under Article 26 MIFIR for OTC derivatives where the underlying deliverable bond can be chosen from several bonds issued by the same issuer.

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