Q&A · ESMA
Spot month
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
The competent authority sets the spot month from the contract specification and market characteristics; where daily, weekly and monthly variants exist, positions in days or weeks falling wholly within the spot month count towards the spot-month limit, and the spot month may be the next tradable month where the current month's contract has expired.
Details
| Reference | ESMA_QA_1521 |
|---|---|
| Issuer | ESMA |
| Published | 15 Dec 2017 |
| Answered | 15 Dec 2017 |
| Submitted | 15 Dec 2017 |
| ESMA topics | Position limits |
| Earlier Q&A document | ESMA 70-872942901-36 Commodity derivatives Q&A, Q&A 2.15 |
Provisions it relates to
- Article 57 MiFID II · Position limits in commodity derivatives and position management controls in commodity derivatives and derivatives of emission allowancesInferred · 90%
- MiFID II (whole act)Explicit reference