Unique Transaction Identifier
Unique transaction identifier (UTI) is a unique and paired code for identifying a transaction. It is helpful to the HKTR to link up two sides of a transaction reported by the two transacting TR members, and to facilitate TR Members to identify and resolve potential reporting errors.
The HKTR recognises the “Unique Transaction Identifier – Unique Swap Identifier” (UTI-USI) required under the US reporting regulations (“Swap Data Recordkeeping and Reporting Requirements” (17 CFR Part 45) of the US Commodity Futures Trading Commission (CFTC)) and the “Unique Transaction Identifier – Unique Trade ID” (UTI-TID) required under the European regulations (technical standards developed pursuant to Article 9 of the European Market Infrastructure Regulation (EMIR)) as reportable UTIs. If the UTI-USI or/and the UTI-TID are available for a transaction, they must be reported to the HKTR.
For transactions without an assigned UTI-USI or UTI-TID, the requirement to provide a bilaterally agreed UTI in the data field “Bilateral Comments” will not be effective until further notice. Specific instructions on the reporting of these identifiers have been set out in the
SRI annexed to the Reporting Service AIDG and
related regulation information.
For any trades which are associated with a reported trade where a relevant UTI was provided, the said UTI should be provided in the “Prior UTI-USI” and/or the “Prior UTI-TID” data field(s).
•Examples:
−Novation
−Exercise or expiry of option
−Centrally cleared transactions