4.4.1.2 Expiration date / Maturity date (paras. 252-253)
252. The CDE guidance defines 'Expiration date' as "Unadjusted date at which obligations under the OTC derivative transaction stop being effective, as included in the confirmation. Early termination does not affect this data element." This data element is already implemented in the current TS, though it is named 'Maturity date'. Differently from the definition of 'Maturity date' under former standards, the CDE guidance also refers to the date as included in the confirmation. ESMA proposed to align the name and the definition of 'Maturity date' to the international standards and include reference to confirmation. The former RTS on reporting defines maturity date as the "Original date of expiry of the reported contract. An early termination shall not be reported in this field". The EMIR TR Q&A 12 and 34 provided further clarifications concerning the reporting of maturity date in specific scenarios or for a specific type of instruments. Furthermore, the Q&As specify that the counterparties should report unadjusted maturity date (in line with the definition contained in the CDE TG guidance). ESMA considered that both the general procedure of when the maturity date should be reported, and some particular cases are thoroughly explained in the RTS.