12 Juin 2012

ISDA - Unique Swap Identifier (USI): An Overview Document + ISDA to Partner with Markit to Develop Compliance Solution + Adjusted OTC Derivatives Volume Declines and Central Clearing Increases

Le 12 juin 2012 Unique Swap Identifier (USI): An Overview Document, June 7, 2012


Various international regulators and supervisory bodies1 have called for the use of three unique identifiers in relation to derivatives data reporting: - Unique Swap Identifier (USI) or Unique Trade Identifier (UTI) - Legal Entity Identifier (LEI) or Unique Counterparty Identifier (UCI) - Unique Product Identifier (UPI) This paper focuses on one of those identifiers: how to uniquely identify a trade or contract. The CFTC is furthest along in specifying the requirements for this trade identifier. We believe and hope that the majority of the principles can be leveraged and applied internationally and it is indeed the desire from the industry to come up with a global accepted solution for unique trade identifiers. For the remainder of this document though we will focus on the CFTC requirements and hence use the CFTC term of USI.

ISDA to Partner with Markit to Develop Compliance Solution

NEW YORK, June 7, 2012 - The International Swaps and Derivatives Association, Inc. (ISDA) announced today that it has chosen Markit to partner with the Association to develop a technology-based solution that enables counterparties to amend their over-the-counter (OTC) derivatives documentation for the purpose of facilitating compliance with Dodd-Frank regulatory requirements. ISDA and Markit expect that the solution will also be enhanced to facilitate compliance with regulatory requirements in other jurisdictions as they are finalized.



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