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
December 19, 2013
Dodd Frank Act - Swap Transaction Reporting Party Requirements (Version - December 16, 2013)
Summary of Reporting Party determination hierarchy under the CFTC's reporting requirements and the industry agreed best practice approach to parties with the same hierarchical status. Previously published on July 15, 2013, this version addresses historical swap reporting and provides further clarity on the agreed asset class tie-breaker logic.
Reporting Party Requirements_16Dec13_Final.pdf
December 19, 2013
Unique Trade Identifier (UTI): Generation, Communication and Matching (updated as of December 10, 2013)
Previously published on September 4, 2013, this Overview document, which provides the Best Practice approach to Global Unique Trade Identifiers (UTI) for regulatory reporting, has been updated based on input from regulators and market participants.
2013 Dec 10 UTI Workflow v8 7 8 clean.pdf
September 5, 2013
Unique Swap Identifier (USI): An Overview Document
Originally published by ISDA on June 7, 2012, the USI Overview Document provides the industry with Design & Guiding Principles to be used for USI generation and consumption to meet CFTC regulatory requirements. The document has been updated as of September 4, 2013 to reflect updates to the CFTC's USI specifications and acknowledge the industry effort to build upon the agreed approach to USI to address the use of Unique Trade Identifiers (UTI) for global regulatory reporting.
ISDA USI Overview Paper v5 updated 2013 Sept 4 CLEAN.pdf
September 5, 2013
Unique Trade Identifier (UTI): Generation, Communication and Matching (updated as of September 4, 2013)
Previously published on July 15, 2013, this Overview document which provides the Best Practice approach to Global Unique Trade Identifiers (UTI) for regulatory reporting has been updated based on input from market particpants.
2013 Sep5 UTI Best Practice v8 7 CLEAN.pdf
July 15, 2013
CFTC Swap Transaction Reporting Party Requirements
Summary of Reporting Party determination hierarchy under the CFTC's reporting requirements and the industry agreed best practice approach to parties with the same hierarchical status.
Reporting Party Requirements_15July13.pdf
July 15, 2013
Unique Trade Identifier (UTI): Generation, Communication and Matching
Overview document of Best Practice approach to Global Unique Trade Identifiers (UTI) for regulatory reporting.
2013 July 15 UTI Workflow v8 5 v6 FINAL.pdf
June 28, 2013
Best Practice Approach to Global Unique Trade Identifiers (UTI): Webinar presentation
Slides from the webinar presentation held on June 27, 2013 on behalf of the ISDA Workflow Working Group to share the best practice approach to Global UTIs.
2013 Jun 27 Best Practice Approach to Global UTI webinar_final.pdf
June 28, 2013
Replay of Webinar on Best Practice Approach to Global Unique Trade Identifiers (UTI)
On June 27, 2013, ISDA held a webinar overview of the Best Practice Approach to Global Unique Trade Identifiers (UTI) agreed by the ISDA Workflow Working Group. A replay of that session is available here
March 26, 2013
Data & Reporting Governance Framework
For the IIGC and Data & Reporting Regulatory Implementation Committee (RIC).
Data and reporting RIC.pdf
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