Q&A · ESMA
Positions with different maturities
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
For the other months' position limit, a person's positions across different maturities in the same commodity derivative are netted (summed or offset as appropriate) across the curve, excluding spot month positions, as set out in Article 3 of RTS 21a.
Details
| Reference | ESMA_QA_1274 |
|---|---|
| Issuer | ESMA |
| Published | 23 Sept 2022 |
| Answered | 23 Sept 2022 |
| Submitted | 23 Sept 2022 |
| ESMA topics | Position limits |
| Earlier Q&A document | ESMA 70-872942901 Commodity derivatives, Position limits, Q&A 4 |
Provisions it relates to
- Article 57 MiFID II · Position limits in commodity derivatives and position management controls in commodity derivatives and derivatives of emission allowancesInferred · 90%
- MiFID II (whole act)Explicit reference