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---
title: "ESMA Q&A 1688 — Q&A — Base Point Spread of the index/benchmark of a floating [Answer Published]"
shortTitle: "ESMA Q&A 1688 — Q&A — Base Point Spread of the index/benchmark of a floating [Answer Published]"
answer_id: ESMA_QA_1688
topic: "ESMA70-1861941480-56 Questions and Answers on MiFIR reporting"
status: "Answer Published"
type: qa
instrument_type: qa
authority: ESMA
binding: false
binding_character: non_binding
legal_status: in_force
regulation: "MiFIR"
mifir_level3: true
mica_level2: false
legal_basis: "MiFIR"
date: 2 February 2017
source_link: https://www.esma.europa.eu/publications-data/questions-answers/1688
lifecycle: "Answer Published"
text_version: "ESMA Q&A register, 2 February 2017"
source_url: "https://www.esma.europa.eu/publications-data/questions-answers/1688"
check_status: matched
verified: true
last_checked: 2026-10-26
checked_against: "the ESMA publication"
source:
  prepared_by: "ESMA"
  published_by: "ESMA"
  published_in: "ESMA Q&A tool"
  evidence:
    prepared_by: "ESMA Answer"
    locator: "ESMA Q&A entry ESMA_QA_1688: field 'ESMA Answer', no 'Answer provided by' line"
document_type: "qa_answer"
legal_nature: "not_legislation"
addressees: "not stated in the document"
dates:
  published_on: "2017-02-02"
  question_submitted_on: "2017-02-02"
  locators:
    published_on: "ESMA Q&A Excel export ESMA_QA_1688, column 'Esma responses', date line"
    question_submitted_on: "ESMA Q&A Excel export ESMA_QA_1688, column 'Date of submission'"
lifecycle_label: "Answer Published"
---

**Answer by ESMA, published in its Q&A tool · not legislation · published 2 Feb 2017 [Answer Published]**

*Answer Published · ESMA Q&A register, 2 February 2017 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/1688)*

| | |
|---|---|
| **Full title** | ESMA Q&A 1688 — Q&A — Base Point Spread of the index/benchmark of a floating \[Answer Published\] |
| **Prepared by** | ESMA |
| **Published by** | ESMA, in the ESMA Q&A tool |
| **Reference** | ESMA_QA_1688 |
| **Document type** | Q&A |
| **Legal nature** | Not legislation |
| **Addressees** | Not stated in the document |
| **Dates** | Published 2 February 2017; question submitted 2 February 2017 |
| **Legal basis** | MiFIR |
| **Related instruments** | None recorded |
| **Text on this page** | Word for word — the full text of the ESMA publication |

**Base Point Spread of the index/benchmark of a floating rate bond**

### Question

In case of a decimal field with insufficient granularity to accommodate the complete actual value how should the field be populated, for example in the case of a base point spread with a 0.5 base point, how should the value be reported in Field 22 (Base Point Spread of the index/benchmark of a floating rate bond)?

***

### Answer

\[ESMA 70-1861941480-56 MiFIR data reporting Q&A, Q&A 8.1\]

In case of a decimal field with insufficient granularity to accommodate the complete actual value, the value has to be rounded up/down to the next integer. For the given example of base point spread with a 0.5 base point, the base point spread would be populated with a value of 1.

***

**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/1688)