This note outlines the best practice asset class tie-breaker logic, developed by ISDA working groups and adopted by the industry, to determine the reporting counterparty (“RP”) and/or the Unique Trade Identifier generating party (“UTI GP”) under jurisdictional or global trade reporting requirements.

This document was updated in 2018 to reflect industry working group agreement that “cancellable swaps” are categorized in Rates as ‘exotic’ for reporting, to help improve consistency of RCP determination for cancellable swaps.