Version date: 29 May 2018 - onwards
TR Question 28: Reporting to TRs: Underlying field [last update 29 May 2018]
Article 9 of EMIR - Underlying field
a) How to populate Table 2 Field 8 (Underlying identification) for a commodity derivative contract where the underlying is not an index or a basket?
b) How to populate Table 2 Field 8 (Underlying identification) for FX derivative contracts that are not based on an index or a basket? For example when the underlying is a currency (foreign exchange rate).
c) How to populate Table 2 Field 8 (Underlying identification) for a derivative contract where the underlying is a basket?
d) How to populate Table 2 Field 8 (Underlying identification) for a derivative contract where the underlying is an index?
TR Answer 28
a) In the absence of an endorsed UPI, the underlying commodity must be indicated in Section 2h in fields 65 and 66 under the commodity base and commodity details fields respectively. The Underlying field (Table 2, Field 8) cannot be completed in this case and should be populated with an 'NA' value.
b) In the absence of an endorsed UPI, the underlying currency must be indicated under the notional currency fields 9 and 10 and populating the relevant section 2g. The Underlying field (Table 2 Field 8) cannot be completed in this case and should be populated with an 'NA' value.