463. Table 2 of the draft RTS on reporting contains dedicated fields for reporting of commodity derivatives (fields 116-118 for all commodity deriatives and additional fields 119-131 for energy derivatives).

464. In particular, the classification of commodities should be reported in the fields 116-118 in line with the categories specified in the table 4 of the ITS. The reported classification of the underlying commodity should be as granular as possible. For example, in the case of derivatives on gold, the counterparty should specify 'Metals', 'Precious' and 'Gold' in the fields 116, 117 and 118, respectively. Only if the last underlying commodity does not correspond to any of the specific categories included in the ITS, it should be reported as 'Other'. In case no specific values are set out in the ITS for a given product for fields 117 and 118 (e.g. for the category 'Multi Commodity Exotic'), the counterparty should not report any values for these fields, in line with the XML schema.

465. The counterparties should not identify commodities in the currency fields, even if a dedicated code has been designated to such commodity in the ISO 4217 standard (e.g.XAU for gold or XBA for silver). The commodities should only be identified via commodity classification fields.

466. The commodity classification fields (116-118) are not repeatable. Therefore, in the case of commodity swaps including two commodity underlyings, the counterparty should report such swap as a complex trade composed of two commodity forwards and populate the Package ID in both reports (see section 5.27 for reporting of complex trades).