Question ID: 157
Regulation Reference: Guidelines on submission of information to NCAs (Preparatory phase)
Article: 35
Status: Final
Date of submission: 02 Feb 2015
Question
What is the significance and difference between the swap “price” outlined in A24 and swap “notional amount” outlined in A25? Is this a typographical error?
EIOPA answer
There was in fact a mistake, please see the improved LOG instructions for A24 and A25 under the TS consultation package (and copied in for convenience).
Swap delivered currency: Identify the ISO 4217 alphabetic code of the currency of the swap price (only for currency swaps and currency and interest rate swaps).
Swap received currency: Identify the ISO 4217 alphabetic code of the currency of the swap notional amount (only for currency swaps and currency and interest rate swaps).