General clarifications

240. As specified in the ITS on reporting, the derivatives that are (i) admitted to trading or traded on a trading venue or (ii) are traded on a systematic internaliser and their underlying is admitted to trading or traded on a trading venue or is an index or basket composed of instruments traded on a trading venue; should be identified in field 2.7 using an ISO 6166 International Securities Identification Number (ISIN) code. The remaining derivatives should be identified in field 2.8 using an ISO 4914 Unique Product Identifier (UPI) code. In the specific case of derivatives traded on exchange in a third country, the identification of the product is not required if both ISIN and UPI are not available. In this way the relevant derivative products can be uniquely identified, while the counterparties are required to provide only one way of identification for a given product and consistency with MiFIR reporting requirements is retained.

241. Additionally, the counterparties should classify all derivatives using the ISO 10692 Classification of Financial Instrument (CFI) code (field 2.9). Counterparties should always use official sources for the CFI. For this purpose, the CFI assigned by ANNA Derivatives Service Bureau (ANNA DSB) or the relevant National Numbering Agency (NNA) should be used. Further information can be obtained from ANNA DSB, from ANNA, or from the relevant NNA of the derivative.