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# ESMA Q\&A 924 — Q\&A — Mark-To-Market value reporting \[Answer Published]

*Answer Published · ESMA publication · Checked against the ESMA publication on 11 Oct 2026 ·* [*Official source*](https://www.esma.europa.eu/publications-data/questions-answers/924)

|                         |                                                                           |
| ----------------------- | ------------------------------------------------------------------------- |
| **Full title**          | ESMA Q\&A 924 — Q\&A — Mark-To-Market value reporting \[Answer Published] |
| **Issuer**              | ESMA                                                                      |
| **Reference**           | ESMA\_QA\_924                                                             |
| **Document type**       | Q\&A                                                                      |
| **Date**                | published 15/05/2023; answer 27-03-2025                                   |
| **Addressees**          | Not recorded                                                              |
| **Legal basis**         | Not recorded                                                              |
| **Related instruments** | None recorded                                                             |
| **Text on this page**   | Word for word — the full text of the ESMA publication                     |

**Mark-To-Market value reporting**

#### Question

How should the mark-to-market value of contracts for difference that are not cleared by a CCP be reported in accordance with Regulation (EU) No 648/2012 and standard 13 of the international financial reporting standards?

***

#### Answer

Dear Sender,

Thank you for reaching out to ESMA. Please accept our apologies for the delayed response.

Regarding your question, as clarified in TR Question 3b of the Q\&As on the implementation of EMIR, the mark-to-market (MtM) value should reflect the total value of the contract.

For Contracts for Difference (CFDs) that are not cleared by a Central Counterparty (CCP), the MtM value should be calculated as follows:

MtM = Quantity x End-of-Day Settlement Price

This calculated value should be reported under Field 2.21 - "Valuation amount" in accordance with EMIR reporting requirements. The conditions and dependencies for reporting in Field 2.21 are further outlined in the EMIR validation rules.

We hope this addresses your query. Please feel free to reach out if you require further clarification.

Kind regards,

***