CPMI-IOSCO Seek Comments on Guidance for Unique Product Identifier

The Committee on Payments and Market Infrastructures ("CPMI") and the International Organization of Securities Commissions ("IOSCO") requested comments on the proposed approach to the Unique Product Identifier ("UPI"). The purpose of the global UPI is to create a unique identifier for over-the-counter derivatives products that are subject to reporting requirements to trade repositories.

This report outlines CPMI-IOSCO's proposed product classification principles and high-level business specifications for the UPI and requests respondents' feedback on them, in particular with regard to implementation challenges.