ESMA · ESMA_QA_1693 Answer Published
Reference Data for financial instruments
- Regulation
- Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP
- Topic
- ESMA70-1861941480-56 Questions and Answers on MiFIR reporting
- Submitted
- 2017-07-07
- Answered
- 2017-07-07
Question
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?
Answer
[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’”;
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.
Similar Q&As
Field 14 and Field 17 – Total issued nominal amount
Answered 2018-09-26
Financial instruments’ volatile attributes
Answered 2017-10-05
MiFIR data reporting - Reporting of reference rates not included in RTS 23 and 22
Answered 2021-05-28
Defined List of Instruments
Answered 2019-04-08
Business Case: Inflation Indexed bond
Answered 2017-04-03
More Q&As on this topic
📋 Track EU financial regulation continuously
Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.
14-day free trial. No credit card required.