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Published]","attribution":{"prepared_by":"ESMA","published_by":"ESMA","published_in":"ESMA Q&A tool","document_type":"qa_answer","legal_nature":"not_legislation","addressees":"not stated in the document","dates":{"published_on":"2023-03-31","question_submitted_on":"2023-03-31","locators":{"published_on":"ESMA Q&A Excel export ESMA_QA_751, column 'Esma responses', date line","question_submitted_on":"ESMA Q&A Excel export ESMA_QA_751, column 'Date of submission'"}},"adoption":null}},"provenance":{"official_url":"https://www.esma.europa.eu/publications-data/questions-answers/751","check":{"result":"matched","checked_at":"2026-10-26","against":"the ESMA publication"},"repo_path":"spaces/mifir/level-3/q-and-a/esma/esma-qa-751-settlement-location.md","body_sha256":"21625a19bd8fdff606571ed58a73b725992438ed56b7bd4ee924d4427d109e8d"},"units":[],"markdown":"---\ntitle: \"ESMA Q&A 751 — Q&A — Settlement location [Answer Published]\"\nshortTitle: \"ESMA Q&A 751 — Q&A — Settlement location [Answer Published]\"\nanswer_id: ESMA_QA_751\ntopic: \"* Transaction reporting\"\nstatus: \"Answer Published\"\ntype: qa\ninstrument_type: qa\nauthority: ESMA\nbinding: false\nbinding_character: non_binding\nlegal_status: in_force\nregulation: \"MiFIR\"\nmifir_level3: true\nmica_level2: false\nlegal_basis: \"Table 2 of Annex IV of RTS 2\"\ndate: 31 March 2023\nsource_link: https://www.esma.europa.eu/publications-data/questions-answers/751\nlifecycle: \"Answer Published\"\ntext_version: \"ESMA Q&A register, 31 March 2023\"\nsource_url: \"https://www.esma.europa.eu/publications-data/questions-answers/751\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\nchecked_against: \"the ESMA publication\"\nsource:\n  prepared_by: \"ESMA\"\n  published_by: \"ESMA\"\n  published_in: \"ESMA Q&A tool\"\n  evidence:\n    prepared_by: \"ESMA Answer\"\n    locator: \"ESMA Q&A entry ESMA_QA_751: field 'ESMA Answer', no 'Answer provided by' line\"\ndocument_type: \"qa_answer\"\nlegal_nature: \"not_legislation\"\naddressees: \"not stated in the document\"\ndates:\n  published_on: \"2023-03-31\"\n  question_submitted_on: \"2023-03-31\"\n  locators:\n    published_on: \"ESMA Q&A Excel export ESMA_QA_751, column 'Esma responses', date line\"\n    question_submitted_on: \"ESMA Q&A Excel export ESMA_QA_751, column 'Date of submission'\"\nlifecycle_label: \"Answer Published\"\n---\n\n**Answer by ESMA, published in its Q&A tool · not legislation · published 31 Mar 2023 [Answer Published]**\n\n*Answer Published · ESMA Q&A register, 31 March 2023 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/751)*\n\n| | |\n|---|---|\n| **Full title** | ESMA Q&A 751 — Q&A — Settlement location \\[Answer Published\\] |\n| **Prepared by** | ESMA |\n| **Published by** | ESMA, in the ESMA Q&A tool |\n| **Reference** | ESMA_QA_751 |\n| **Document type** | Q&A |\n| **Legal nature** | Not legislation |\n| **Addressees** | Not stated in the document |\n| **Dates** | Published 31 March 2023; question submitted 31 March 2023 |\n| **Legal basis** | Table 2 of Annex IV of RTS 2 |\n| **Related instruments** | None recorded |\n| **Text on this page** | Word for word — the full text of the ESMA publication |\n\n**Settlement location**\n\n### Question\n\nField 14 “Delivery/cash settlement location” in Table 2 of Annex IV of RTS 2 (transparency reference data), as amended by \\[Amending Regulation RTS 2\\], should be populated with a standard code (Energy Identification Code – “EIC”) for electricity and gas contracts. How should Field 14 “Delivery/cash settlement location” for electricity and gas contracts be reported for a) cash settled contracts; b) contracts for which an EIC is not available? \\[MiFID II and MiFIR transparency topics, Section 3, Question 25\\]\n\n***\n\n### Answer\n\nField 14 “Delivery/cash settlement location” should be interpreted and reported in the same way for cash settled and physically settled contract with regards to electricity and gas contracts. For example, Field 14 “Delivery/cash settlement location” for a cash settled contract on German power should be reported in the same manner as if the contract was physically settled, i.e. with the EIC “10YDE-RWENET---I”.\n\nThe list of available EIC is managed and maintained by ENTSO-E\\[1\\]. Regarding electricity and gas contracts for which an EIC is not available or not appropriate (for example, a market area outside the Energy Internal European Market, or a contract referencing an index), Field 14 “Delivery/cash settlement location” should be populated with an ad-hoc code meeting the following requirements:\n\nThe format should be the same as the format of EIC, i.e. {ALPHANUM-16};\n\nGeneric values such as “CASH”, “UNKNOWN” or the name of the CCP clearing the contract should not be used;\n\nThe text in the ad-hoc code should provide a- clear indication of the reference of the contract. Valid ad-hoc codes that are currently in use, are provided in the table below. You may contact data-statistics@esma.europa.eu to request an update of the list.\n\nContract\n\nAd-hoc code for Field 14\n\nAdded on\n\nJapanese Power Futures - Tokyo\n\n10YJP-TOKYO---AR\n\n31/03/2023\n\nJapanese Power Futures - Kansai\n\n10YJP-KANSAI--AR\n\n31/03/2023\n\nLNG Japan/Korea Futures\n\nJP-KR-JKM----LNG\n\n31/03/2023\n\n\\[1\\] https://www.entsoe.eu/data/energy-identification-codes-eic/eic-approved-codes/\n\n***\n\n**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/751)\n"}