Original question
(b) Should the IF report the single transactions executed when settling the accumulator contract?
(c) Should the IF report the transactions concluded with third parties to secure the financial instruments to be sold to the accumulator’s buyer?
(d) How should the accumulator contract be reported?
Original language
(a) For the purposes of transaction data reporting, accumulators should be classified as either forwards or options, depending as to whether they embed option features (e.g. knock-out price or gearing ratio).
(b) No.
(c) Yes, they should be reported according to the general rules, as applicable.
(d) Accumulators should be reported as displayed below:
|
RTS 22 Field Number |
RTS 22 Field Name |
Content to be reported |
|
30 |
Quantity |
Number of derivative contracts purchased. |
|
33 |
Price |
Price at which the buyer has committed to purchase the underlying financial instruments during the accumulation period. [For contracts classified as options] The premium of the derivative contract per underlying. |
|
38 |
Up-front payment |
If applicable, the monetary value of any up-front payment. |
|
42 |
Instrument full name |
Full name of the financial instrument, which must contain the term "accumulator". |
|
43 |
Classification |
JE**** or O***** |
|
46 |
Price multiplier |
Maximum number of shares to be purchased over the entire accumulation period. |
|
47 |
Underlying ISIN |
ISIN of the underlying. |
|
51 |
Strike price |
[Only for contracts classified as options] Pre-determined price at which the holder will have to buy the underlying financial instrument. |
|
55 |
Expiry date |
Expiration date of the accumulator. |