ESMA_QA_1688
02/02/2017
Subject Matter
Base Point Spread of the index/benchmark of a floating rate bond
Original 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)?
ESMA Answer
02-02-2017
Original language
[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.
Status: Answer Published
Additional Information
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP
Topic
ESMA70-1861941480-56 Questions and Answers on MiFIR reporting