343. Counterparties should report only those fields related to data elements of regular payments that are applicable to a given derivative. Therefore, taking into consideration the contract type, the report will contain information on dedicated fields specific for each fixed or floating leg of a derivative. The same rule applies to the data elements describing the reset frequency and reference period of the floating rates.

344. For each leg of a derivative with periodic payments, the fixed rate has to be reported, where applicable, by specifying positive or negative values expressed as percentages (e.g. 2.57 instead of 2.57%) .

345. In the case of floating legs, the periodic payments are calculated based on an underlying reference rate on predefined dates. Floating rates should be identified, where available, with an ISIN and/or with a 4-letter standardized code, explicitly included in the ITS on reporting.

346. Furthermore, the floating rates should be always identified by using the official name of the rate as assigned by the index provider.

347. There are no expectations to transform the value of the payment frequency period into another payment frequency period. For example, in the case of yearly payments, counterparties should report a payment frequency of 1 year, rather than 12 months or 365 days.