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
October 22, 2012
OTC Derivatives Products Taxonomies (superseded)
ISDA OTC Derivatives Products Taxonomies for cross-jurisdictional reporting for Credit, Rates, Equities, Commodities and FX.
ISDA OTC Derivatives Taxonomies - version 2012-10-22.xls
October 4, 2012
FpML Mapping to the OTC Equities Taxonomy
Technical execution of the ISDA Taxonomy (UPI) for the Equities asset class, using Financial Products Markup Language (FpML).
2012 Oct 4 FpML mapping to ProductTaxonomy- equities.xls
September 6, 2012
FpML Mapping to the OTC Rates Taxonomy
Technical execution of the ISDA Taxonomy (UPI) for the Rates asset class
RatesTaxonomy-mapping-to-FpML-2012-04-16-Final.xls
March 2, 2012
OTC Derivatives Products Taxonomies (superseded)
ISDA OTC Taxonomies for cross-jurisdictional reporting for Credit, Rates, Equities, Commodities and FX
ISDA OTC Derivatives Taxonomies.xlsx
December 20, 2011
OTC Derivatives Products Taxonomies - Draft (superseded)
First Draft of ISDA OTC Taxonomies for cross-jurisdictional reporting for Credit, Rates, Equities, Commodities and FX
ISDA OTC Derivatives Draft Taxonomies - 20th December 2011.xlsx
December 20, 2011
OTC Derivatives Products Taxonomies: Rules of Operation
An overview of the cross-asset OTC taxonomies developed to facilitate multi-jurisdictional regulatory reporting. The most current version of ISDA's Taxonomies for each asset class are available on ISDA's Data & Reporting website.
ISDA OTC Taxonomies ROO- Dec 20 2011.pdf
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 (UPI, UTI/USI)
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