ESMA_QA_1693

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1693

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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: Reference Data for financial instruments

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Question

Submission Date: 07 July 2017

What information trading venues need to provide with respect to reference data reported under Commission Delegated Regulation (EU) 2017/585 for bonds where the coupon is calculated based on a complex formula involving several indices?

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ESMA Answer

Answer Date: 07-07-2017

[ESMA 70-1861941480-56 MiFIR data reporting Q&A, Q&A 13.1] In case of bonds for which the coupon is calculated based on a complex formula that involves several indices, trading venues should provide the reference data using the following default values:

Field 18 (“Fixed Rate”) and Field 19 (“Identifier of the index / benchmark of a floating rate bond”) should be left blank; Field 20 (“Name of the index / benchmark of a floating rate bond”) should be populated with the expression “FORMULA”; Field 21 (“Term of index / benchmark of a floating rate bond”) should be populated with “0 ‘DAYS’”;

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