UPI

How to Report FX Swaps?

Screenshot 2024-03-21 at 6.07.10 PM

With reference to the UPI, the proposed way forward is to report the UPI of the swap in both the single-record and the two records jurisdictions. Contract type should be also reported as Swap.

In relation to the UTI, the proposal is to report the same UTI in the single record and in the far leg record, while for near leg records another UTI should be issued.