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---
title: "ESMA Q&A 1693 — Q&A — Reference Data for financial instruments [Answer Published]"
shortTitle: "ESMA Q&A 1693 — Q&A — Reference Data for financial instruments [Answer Published]"
answer_id: ESMA_QA_1693
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: 7 July 2017
source_link: https://www.esma.europa.eu/publications-data/questions-answers/1693
lifecycle: "Answer Published"
text_version: "ESMA Q&A register, 7 July 2017"
source_url: "https://www.esma.europa.eu/publications-data/questions-answers/1693"
check_status: matched
verified: true
last_checked: 2026-10-26
checked_against: "the ESMA publication"
source:
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    locator: "ESMA Q&A entry ESMA_QA_1693: 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: "2017-07-07"
  question_submitted_on: "2017-07-07"
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    published_on: "ESMA Q&A Excel export ESMA_QA_1693, column 'Esma responses', date line"
    question_submitted_on: "ESMA Q&A Excel export ESMA_QA_1693, column 'Date of submission'"
lifecycle_label: "Answer Published"
---

**Answer by ESMA, published in its Q&A tool · not legislation · published 7 Jul 2017 [Answer Published]**

*Answer Published · ESMA Q&A register, 7 July 2017 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/1693)*

| | |
|---|---|
| **Full title** | ESMA Q&A 1693 — Q&A — Reference Data for financial instruments \[Answer Published\] |
| **Prepared by** | ESMA |
| **Published by** | ESMA, in the ESMA Q&A tool |
| **Reference** | ESMA_QA_1693 |
| **Document type** | Q&A |
| **Legal nature** | Not legislation |
| **Addressees** | Not stated in the document |
| **Dates** | Published 7 July 2017; question submitted 7 July 2017 |
| **Legal basis** | MiFIR |
| **Related instruments** | None recorded |
| **Text on this page** | Word for word — the full text of the ESMA publication |

**Reference Data for financial instruments**

### Question

What information trading venues need to provide with respect to reference data reported under Commission Delegated Regulation (EU) 2017/585 for bonds where the coupon is calculated based on a complex formula involving several indices?

***

### Answer

\[ESMA 70-1861941480-56 MiFIR data reporting Q&A, Q&A 13.1\]

In case of bonds for which the coupon is calculated based on a complex formula that involves several indices, trading venues should provide the reference data using the following default values:

Field 18 (“Fixed Rate”) and Field 19 (“Identifier of the index / benchmark of a floating rate bond”) should be left blank;

Field 20 (“Name of the index / benchmark of a floating rate bond”) should be populated with the expression “FORMULA”;

Field 21 (“Term of index / benchmark of a floating rate bond”) should be populated with “0 ‘DAYS’”;

***

**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/1693)