Product Representation for Standardized Derivatives (UPI, UTI/USI)

In this white paper we examine how product identifiers could be used for the standardized portion of the OTC derivatives markets. The first part of the paper contains a proposed approach, details the main fundamentals for the approach and describes the benefits of this change in market infrastructure. In the second part of the paper we examine a set of use cases and describe the next steps.

Documents (1) for Product Representation for Standardized Derivatives (UPI, UTI/USI)

Key IRD Trends from BIS 2025 Survey

This paper highlights changes in over-the-counter (OTC) interest rate derivatives (IRD) markets between April 2022 and April 2025, based on data from the Bank for International Settlements (BIS) Triennial Central Bank Survey. The survey provides a comprehensive view of global...

RMB IRD Growth in Mainland China & Hong Kong

This report analyzes interest rate derivatives (IRD) activity in mainland China and Hong Kong, with a particular focus on renminbi (RMB)-denominated IRD. It examines market growth, structure and integration across onshore and offshore centers, and places these developments within the...