Home > ISDA Focus: Identifiers and OTC Taxonomies

ISDA Focus: Identifiers and OTC Taxonomies

As part of the ongoing effort to improve the OTC derivatives infrastructure, ISDA developed an implementation plan in June 2011 to define a standardized taxonomy (classification) for OTC derivatives and develop Unique Product Identifiers (UPI).

The ISDA OTC Taxonomies and UPI will support regulatory mandates to increase transparency through public and regulatory reporting. In addition to the coordination of the market discussions that led to the proposed taxonomies for the different asset classes, ISDA put a governance model in place to oversee the development of the taxonomies and ensure proper support going forward.

The final taxonomies will be included in the FpML data standard to facilitate the reporting process. Coordination with other international standards such as ISO to align with the ISDA taxonomies is ongoing.


DateTitle / DescriptionDocuments
March 21, 2013
Price Notation and Additional Price Notation Approach Document v1.0
The spreadsheet provides an overview with examples for the different asset classes and different scenarios, explaining the approach discussed and agreed with the CFTC for the population of the Price Notation (PN) and Additional Price Notation (APN) fields required under part 45 reporting.
ISDA PN-APN Approach Document v1.0 2013_03_15.xlsx
October 22, 2012
Most Recent OTC Taxonomies
Excel sheet with taxonomies by asset class – Published October 22, 2012
ISDA OTC Derivatives Taxonomies - version 2012-10-22.xls
October 4, 2012
FpML Mapping to the Latest ISDA product Taxonomy (Equity:Other)
Excel sheet – (final version / 2012-10-04)
ProductTaxonomy.xls
September 6, 2012
FpML Mapping to the Interest Rate Taxonomy
Excel sheet – (final version / 2012-04-16)
RatesTaxonomy-mapping-to-FpML-2012-04-16-Final.xls
June 7, 2012
Unique Swap Identifier (USI): An Overview Document
Unique Swap Identifiers (USI) identify a trade or contract in derivatives data reporting. The CFTC, of all international regulators, is furthest along in specifying the requirements for this trade identifier. We believe the majority of the principles can be applied internationally, as the industry seeks a globally-accepted solution for unique trade identifiers. The purpose of this overview document is to provide the industry with Design & Guiding Principles to be used for USI generation and consumption.
USI Overview Document final version.pdf
March 2, 2012
Most Recent OTC Taxonomies
Excel sheet with taxonomies by asset class
ISDA OTC Derivatives Taxonomies.xlsx
December 20, 2011
ISDA OTC Taxonomies: Rules of Operation
As part of ongoing efforts to support regulatory mandates, the ISDA OTC Taxonomies are being developed to facilitate regulatory reporting. ISDA defined the initial product taxonomies for each asset class, and specified the delivery of the taxonomies to the market. This paper is a brief overview
ISDA OTC Taxonomies ROO- Dec 20 2011.pdf
December 20, 2011
ISDA OTC Draft Taxonomies
Excel sheet with draft taxonomies by asset class.
ISDA OTC Derivatives Draft Taxonomies - 20th December 2011.xlsx
June 30, 2011
Implementation Plan for Unique Product Identifiers
As part of ongoing efforts to improve the OTC derivatives infrastructure, ISDA, through its members, has developed an implementation plan to define a standardized taxonomy (classification) for OTC derivatives and to develop Unique Product Identifiers (UPI). The taxonomy and UPI will support regulatory mandates to increase transparency for public and regulatory reporting.
ISDA_UPI_Implementation_Plan_Final[1].pdf
April 14, 2011
Product Representation for Standardized Derivatives
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.
Product_Representation_for_Standardized_Derivatives_20110414vfinal[1][1].pdf