International regulators and supervisory bodies have called for the use of unique identifiers to be used for derivatives data reporting. This section includes overviews, best practice, and links for the Unique Trade Identifier/Unique Swap Identifier (UTI/USI), Legal Entity Identifer (LEI), and Unique Product Identifier (UPI) and product taxonomies.
The document “Product Representation for Standardized Derivatives” below summarizes how identifiers could be used for the standardized portion of the OTC markets.
-
UTI/USI
The Unique Trade Identifier (UTI) and Unique Swap Identifier (USI) are used to uniquely identify a trade or contract for regulatory reporting.
-
UPI and Taxonomy
The Unique Product Identifier (UPI) is used to uniquely identify a product, and has sufficient specificity to be used for reporting to global financial regulators. The classification of products is provided via the ISDA OTC taxonomies.
-
LEI
The Global Legal Entity Identifier (LEI) uniquely identifiers parties to a transaction and provides regulators with a data aggregation tool to help measure and monitor systemic risk. The LEI ROC is responsible for its oversight.
Latest
U.S. Federal Holidays on December 24 and 26, 2025
Pursuant to an Executive Order of the President of the United States, December 24 and December 26 have been designated as federal holidays for U.S. federal government purposes. The designation of such dates as U.S. federal holidays is not expected to affect...
ISDA Publishes SPS Matrix Version 1.02
On December 19, 2025, ISDA published an updated version (v1.02) of the ISDA Digital Asset Derivative Definitions Settlement Price Source Matrix (‘SPS Matrix”). The SPS Matrix contains a list of Settlement Price Sources (SPSs) and related terms that parties can...
From Milestone to Modernization
We’re coming to the end of an exceptionally busy year at ISDA, in which we celebrated our 40th anniversary and doubled down on our enduring commitment to safe and efficient derivatives markets. Reflecting on ISDA’s achievements since 1985, it’s clear...
Response on ASIC Derivative Transaction Rules
On December 3, ISDA submitted a response to the Australian Securities and Investments Commission (ASIC) consultation on the remake of the ASIC Derivative Transaction Rules (Clearing) 2015, which are due to sunset on April 1, 2026. ASIC proposed to remake...