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Regulators seek input on harmonisation of unique OTC trade reporting identifiers 

August 21, 2015

Banking Tech

The Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions are seeking comment on proposals for harmonising the Unique Transaction Identifier used to be used for OTC derivatives trade reporting.

The consultation document Harmonisation of the Unique Transaction Identifier is looking for general and specific comments and suggestions from responders to ensure that the UTI guidance meets the authorities’ characteristics for the UTI and enables the consistent global aggregation of OTC derivatives transaction data.

The general points are:

  1. Which OTC derivatives transactions should be assigned a UTI?
  2. Which entity (or entities) should be responsible for generating UTIs in practice?
  3. What should be the structure and format of a UTI?
  4. What steps would help to ensure that UTIs generated under the new guidance are distinct (to the extent necessary to achieve aggregation) from those UTIs generated under existing regimes

Read more: Banking Tech

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