Unique Transaction Identifier (UTI)

Overview

A Unique Transaction Identifier (UTI) is a critical data element in global trade reporting, enabling consistent transaction tracking across counterparties and jurisdictions. The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have issued global guidance on UTI governance and structure to support consistent, cross-border regulatory reporting.

This article outlines the CPMI-IOSCO principles for UTI construction and how KOR Financial supports clients in generating compliant UTIs through two flexible options.

What is a UTI?

A UTI is a unique, globally consistent identifier assigned to a trade transaction. It is used in derivatives reporting under regulations such as EMIR (EU), CFTC (US), ASIC (Australia), and others.

UTI Structure According to CPMI-IOSCO

The CPMI-IOSCO Technical Guidance on the Harmonisation of the UTI outlines the following structural requirements:

Key Principles

1. Uniqueness: The UTI must be globally unique and not reused for any other transaction.

2. Persistence: It should remain unchanged for the life of the transaction.

3. Readability: Should be alphanumeric and machine-readable.

4. Length: Up to 52 characters.

5. LEI Prefixing: The UTI may begin with the Legal Entity Identifier (LEI) of the generating entity to help ensure global uniqueness.

Example UTI Format

Example:

Questions?

For more information on how KOR Financial can support your trade reporting needs—including UTI management, data enrichment, and direct connectivity to trade repositories—please contact your KOR representative or email support@korfinancial.com.