diff --git a/daml/Marketplace/Issuance/AssetDescription.daml b/daml/Marketplace/Issuance/AssetDescription.daml
index b990ddc2..bd73e500 100644
--- a/daml/Marketplace/Issuance/AssetDescription.daml
+++ b/daml/Marketplace/Issuance/AssetDescription.daml
@@ -64,12 +64,15 @@ template AssetDescription
         do
           return $ snd <$> payoffs (C.deserialize claims)
 
-    nonconsuming choice Multipliers : [Observation Date Decimal]
+    nonconsuming choice Multipliers : [Decimal]
       with
         party : Party
       controller party
         do
-          return $ fst <$> payoffs (C.deserialize claims)
+          let getConst : (Observation Date Decimal, b) -> [Decimal]
+              getConst (Const x, _) = [x]
+              getConst _            = []
+          return $ concatMap getConst $ payoffs (C.deserialize claims)
 
 -- Used to do a reverse lookup of the version # given the claims (passed-in from the API)
 template Index
diff --git a/daml/Tests/Clearing/Setup.daml b/daml/Tests/Clearing/Setup.daml
index e8e2c173..738ae6ea 100644
--- a/daml/Tests/Clearing/Setup.daml
+++ b/daml/Tests/Clearing/Setup.daml
@@ -3,7 +3,6 @@ module Tests.Clearing.Setup where
 import Daml.Script
 import Common
 import ContingentClaims.Claim (Claim(Zero))
-import ContingentClaims.Observation (Observation(Const))
 import DA.Assert ((===))
 import DA.Finance.Types
 import DA.Date (date, Month(..))
@@ -75,9 +74,9 @@ clearedTradingTest = do
   (_,h2oQ322DerId)       <- mkSimpleH2OFuture "H2OQ322" "H2O Q3 22" $ date 2022 Jul 1
   (_,h2oQ422DerId)       <- mkSimpleH2OFuture "H2OQ422" "H2O Q4 22" $ date 2022 Oct 1
 
-  (Some expiry)     <- submit issuer.customer $ exerciseCmd q122Cid AssetDescription.Expiry with party = issuer.customer
-  (underlying::_)   <- submit issuer.customer $ exerciseCmd q122Cid AssetDescription.Underlying with party = issuer.customer
-  ((Const mult)::_) <- submit issuer.customer $ exerciseCmd q122Cid AssetDescription.Multipliers with party = issuer.customer
+  (Some expiry)   <- submit issuer.customer $ exerciseCmd q122Cid AssetDescription.Expiry with party = issuer.customer
+  (underlying::_) <- submit issuer.customer $ exerciseCmd q122Cid AssetDescription.Underlying with party = issuer.customer
+  (mult::_)       <- submit issuer.customer $ exerciseCmd q122Cid AssetDescription.Multipliers with party = issuer.customer
 
   expiry     === (date 2022 Jan 1)
   underlying === h2oId