IssuerName is an Issuer Property which reflects the name of the instrument issuer. In most cases, IssuerName will not affect the calculation of rules. For the SSR Bonds Rules IssuerName does affect the calculation. It is important that for any instruments that are in scope for the Short Selling EU Bonds Rules, the IssuerName is specified exactly to match the ESMA list of sovereign bond issuers or, by accessing the EU Sovereign Debt regulatory data set in your environment. Users can find this resource by going to Monitoring > Shareholding Disclosure > Rules > Regulatory Data > Short Selling > EU Sovereign Debt.

To access the list via ESMA's website, navigate to the link referenced above and then select Short Selling (Regulation on short selling and certain aspects of credit default swaps) > Net short position notification thresholds for sovereign issuers to download the latest XLSX file.

For clients who provide the XML file directly, IssuerName could be supplied by linking it to a Bloomberg or Refinitiv mnemonic. These fields don’t necessarily match the ESMA list (or UK). We ask clients who provide the XML directly to map IssuerName to the Issuer Names listed.

For Data Adapter users, IssuerName will be generated by Adapptr pulling the relevant field from either Bloomberg or Refinitiv, depending on the setup. These fields don’t necessarily match the ESMA list (or UK). To address this, the OverrideIssuerName functionality is enabled by default for all clients using Data Adapter.

This feature ensures that the IssuerName field is automatically corrected to align with the ESMA list, even if the value from Bloomberg or Refinitiv differs.

Note: In cases where we do not have a mapping for a given bond, we will return the original value provided by the data provider.

If you do not wish to use the OverrideIssuerName function, you can manually set up your own overrides. For the null values returned whilst using the automatic mappings by FundApps, you can set up an override linked to IssuerId.

1) Listed IssuerName without override in place. This asset will currently not fall in scope for the SSR EU Bonds rules.

2) Proposed override: Enable always, when IssuerName is "GERMANY, FEDERAL REPUBLIC OF (GOVERNMENT)", set IssuerName to “Germany”

3) Corrected IssuerName: The asset will now fall in scope for SSR EU Bonds rules.

In the example below, the IssuerName for the IssuerId of Belgium will be overwritten with the correct IssuerName

1) When IssuerId = IssuerId_Example_Belgium, and IssuerName = Empty or Missing

2) Set IssuerName = Belgium

For more information on PercentEUDebtOutstanding and TotalDebtOutstanding, please see the article here.