Skip to main content
Version date: 1 November 2017 - onwards

TR Question 29: Reporting to TRs: Field 15 for NFC

Article 9 of EMIR

Article 9 of EMIR - Field 15 for NFC

Are NFCs required to complete Field 15 in Table 1 of the reporting RTS (purpose of the trade) when reporting an exchange traded derivative?

TR Answer 29

Field 15 should be completed when reporting either exchange traded or OTC derivative contracts to indicate whether the trade is directly linked to commercial activity or treasury financing. The reference to article 10(3) of EMIR in Table 1 is to ensure consistency with the concepts of commercial activity and treasury financing in article 10 of EMIR, but does not restrict field 15 to OTCDs. Field 15 shall be populated if the field 94 contains "T".