ESMA · ESMA_QA_1688 Answer Published
Base Point Spread of the index/benchmark of a floating rate bond
- Regulation
- Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP
- Topic
- ESMA70-1861941480-56 Questions and Answers on MiFIR reporting
- Submitted
- 2017-02-02
- Answered
- 2017-02-02
Question
In case of a decimal field with insufficient granularity to accommodate the complete actual value how should the field be populated, for example in the case of a base point spread with a 0.5 base point, how should the value be reported in Field 22 (Base Point Spread of the index/benchmark of a floating rate bond)?
Answer
[ESMA 70-1861941480-56 MiFIR data reporting Q&A, Q&A 8.1] In case of a decimal field with insufficient granularity to accommodate the complete actual value, the value has to be rounded up/down to the next integer. For the given example of base point spread with a 0.5 base point, the base point spread would be populated with a value of 1.
This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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