Unique Transaction Identifier

Definition

Unique Transaction Identifier. A globally unique identifier for a reportable transaction, whose primary purpose is to uniquely identify individual OTC derivatives transactions in reports to trade repositories

In particular, a UTI will help to ensure the consistent aggregation of OTC derivatives transactions by minimising the likelihood that the same transaction will be counted more than once (for instance, because it is reported by more than one counterparty to a transaction, or to more than one trade repository (TR)).

See Also

• Harmonization of the Unique Transaction Identifier - Technical Guidance, 20 Feb 2017, described in https://www.bis.org/cpmi/publ/d158.pdf
• Unique Trade Identifier (UTI): Generation, Communication and Matching, as of 20 July 2015, described in http://www2.isda.org/attachment/NzczMg==/2015%20July%2020%20UTI%20Best%20Practice%20v11.6_final.pdf

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.