Q&A · ESMA

Settlement location

Answered

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AI-generated Summary

In RTS 2 transparency reference data, the delivery or cash settlement location of electricity and gas contracts should be reported with the same Energy Identification Code whether the contract is cash or physically settled; where no EIC fits, a 16-character ad hoc code identifying the contract's reference must be used (ESMA lists some), never generic values such as 'CASH'.

Details

Reference	ESMA_QA_751
Issuer	ESMA
Published	31 Mar 2023
Answered	31 Mar 2023
Submitted	31 Mar 2023
ESMA topics	Transaction reporting

Provisions it relates to

MiFIR (whole act)
Explicit reference

Documents it refers to

RTSIn forceExplicit reference
Commission Delegated Regulation (EU) 2017/583 of 14 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on transparency requirements for trading venues and investment firms in respect of bonds, structured finance products, emission allowances and derivatives
European Commission · 31 Mar 2017 · EUR-Lex
AI summaryRTS 2 on transparency for bonds, structured finance products, emission allowances and derivatives: sets pre-trade transparency by trading system type, large-in-scale and size-specific-to-the-instrument thresholds, order management facility sizes, the liquidity assessment of each instrument class, and post-trade publication content and deferral regimes. Amended several times, notably by Delegated Regulations 2021/529, 2022/629, 2023/945 and 2025/1246.