The Unique Product Identifier (UPI) is a code used for OTC derivatives that are reported to a trade repository – their purpose is to help identify the relevant OTC derivative. UPIs are now required across EMIR, ASIC, and MAS, following the go-live of the UK and EU EMIR Refits, and the ASIC and MAS Rewrites.
Reporting entities are able to obtain a UPI by searching the web site of the solely designated UPI service provider (by Financial Stability Board) – ANNA DSB. ANNA DSB offers various user types at various price points, with access to different services and information.
At TRAction, we will retrieve or assist in the generation of UPIs for our clients where they do not already have them from their counterparty.