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
ISDA/ASIFMA/GFXD Letter to RBI on INR-Denominated FX Derivatives Reporting
On March 9, 2026, ISDA, ASIFMA, and GFXD submitted a joint letter to the Reserve Bank of India (RBI) in response to the RBI’s Reporting Instructions for Authorised Dealer (AD) Category – I Banks draft directions to mandate the reporting...
IRD Trading Activity FY 2025 and Q4 2025
This report analyzes interest rate derivatives (IRD) trading activity reported in Europe. The analysis is based on transactions publicly reported by 30 European approved publication arrangements (APAs) and trading venues (TVs). Key highlights for the full year 2025 include: European...
A Financial Markets Revolution
Every financial center has its own unique features, but it was particularly fitting that ISDA’s recent Annual General Meeting (AGM) was held in Boston – not only a global hub for asset management and insurance, but also a city that...
ISDA AGM Studio: Nnamdi Okaeme & John Pucciarelli
Marking the 10‑year anniversary of the ISDA Standard Initial Margin Model (ISDA SIMM), Joel Clark, senior director, communications, at ISDA, speaks with Nnamdi Okaeme, ISDA’s head of SIMM, and John Pucciarelli, head of partnerships and director of industry engagement at...