E.U. – ESMA Position Limits FAQ

E.U. – ESMA Position Limits FAQ

On 4 January 2019, ESMA updated FAQs on MiFID II commodity derivatives.

  • New answer, under other issues, clarifies application of field price multiplier when reporting electricity contract to mitigate the risk of contracts receiving same ISIN.
  • Where base product (field 35 of table 3 of the annex of RTS 23) is equal to NRGY and the sub product (field 36 of table 3 of the annex of RTS 23) is equal to ELEC.
  • The trading venue should report a value in MWh which is equal to the number of relevant hours of delivery during the delivery period, multiplied by lot size in MW.