ESMA_QA_1689
03/04/2017
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Subject Matter
Field 23 – Seniority of the Bond
Do the same standards apply to the character denoting seniority of a bond in field 3 and the attributes listed in field 23 (seniority of the bond) of RTS 23 of MiFIR?
ESMA Answer
03-04-2017

[ESMA 70-1861941480-56 MiFIR data reporting Q&A, Q&A 9.1]

No, different standards apply to field 3 and field 23 of RTS 23. Field 3 is populated for all instruments with the ISO 10962:2015 CFI code while field 23 is populated according to ISO 20022 standard and only applies to debt instruments. There is no validation rule in place that compares the value in field 3 with that populated in field 23.

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