345. As set out in the Consultation Paper, ESMA proposed to align the definitions and allowable values under Table 2, Section 2f, of the current RTS and ITS on reporting, related to the regular payments, with the relevant values specified in the CDE guidance for:

a. Day count convention: "day count convention (often also referred to as day count fraction or day count basis or day count method) that determines how interest payments are calculated. It is used to compute the year fraction of the calculation period and indicates the number of days in the calculation period divided by the number of days in the year". Allowable values: • A001 • A002 • A003 • A004 • A005 • A006 • A007 • A008 • A009 • A010 • A011 • A012 • A013 • A014 • A015 • A016 • A017 • A018 • A019 • A020 • NARR.

b. Payment frequency-time: "For each leg of the transaction, where applicable: time unit associated with the frequency of payments, e.g. day, week, month, year or term of the stream." • DAIL = daily; WEEK = weekly; MNTH = monthly; YEAR = yearly; ADHO = ad hoc which applies when payments are irregular; TERM = payment at term.

c. Payment frequency-multiplier: "For each leg of the transaction, where applicable: number of time units (as expressed by the payment frequency period) that determines the frequency at which periodic payment dates occur." Allowable values: any value greater than or equal to zero.

346. Furthermore, ESMA suggested making the data element "Day count convention" applicable also to the floating rate legs.