Q&A · ESMA

Instrument identification code and Underlying instrument code

Answered

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AI-generated Summary

For futures on sovereign bonds, the underlying instrument code should be the ISIN of the cheapest-to-deliver bond or, if unknown, of any bond of that issuer; the same applies in transaction reports for OTC derivatives with a choice of deliverable bonds.

Details

Reference	ESMA_QA_1680
Issuer	ESMA
Published	2 Feb 2017
Answered	2 Feb 2017
Submitted	2 Feb 2017
ESMA topics	ESMA70-1861941480-56 Questions and Answers on MiFIR reporting
Earlier Q&A document	ESMA 70-1861941480-56 MiFIR data reporting Q&A, Q&A 4.3

Provisions it relates to

Article 27 MiFIR · Obligation to supply financial instrument reference data
MiFIR
Inferred · 85%
MiFIR (whole act)
Explicit reference