BIS/IOSCO: Harmonisation of the Unique Product Identifier

Following consultations in 2015 and 2016, BIS/IOSCO have now published this technical guidance which covers: the technical principles applicable to the UPI; the UPI reference data elements required for each OTC derivatives asset class; the identification of underlying assets and benchmarks of OTC derivative products and the UPI code structure. It does not consider the governance arrangements or the implementation of the UPI.