CPMI-IOSCO publish Harmonisation of the Unique Transaction Identifier

19 August 2015

CPMI and IOSCO published for public comment a consultative report entitled Harmonisation of the Unique Transaction Identifier. The consultative report is one part of the Harmonisation Group's response to its mandate.

It focuses on the harmonised global UTI, whose purpose is to uniquely identify each OTC derivative transaction required by authorities to be reported to TRs. The final objective is to produce clear guidance as to UTI definition, format and usage that meets the needs of UTI users, is global in scale, and is jurisdiction-agnostic, thus enabling the consistent global aggregation of OTC derivatives transaction data.

The report seeks general and specific comments and suggestions from responders by 30 September 2015, to be sent to both the CPMI and the IOSCO secretariats.

Besides this consultative report, the CPMI and IOSCO will also be issuing a consultative report on the harmonisation of a first batch of key OTC derivatives data elements, other than UTIs and UPIs that are essential for meaningful aggregation of data on OTC derivatives transactions on a global basis. The CPMI and IOSCO also plan to issue consultative reports on global UPIs and on other batches of key data elements other than UTIs and UPIs in the coming months.

Full report

Full press release


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