BS ISO 4914:2021 pdf download – Financial services — Unique product identifier (UPI)
This document specifies the elements of an unambiguous scheme to identify over-the-counter (OTC) derivative products that are reportable to trade repositories, in particular:
— the structure and format of the unique product identifier (UPI) code;
— the minimum data elements of the UPI reference data library, together with their allowable values.
At a minimum, the UPI code is applicable to OTC derivative instruments falling under the following categories of the classification of financial instruments (see ISO 10962):
— swaps (S);
— forwards (J);
— non-listed and complex listed options (H);
— others (miscellaneous) (M).
2 Normative references
The following documents are referred to in the text in such a way that some or all of their content constitutes requirements of this document. For dated references, only the edition cited applies. For undated references, the latest edition of the referenced document (including any amendments) applies.
ISO/IEC 7064:2003, Information technology — Security techniques — Check character systems
3 Terms and definitions
For the purposes of this document, the following terms and definitions apply.
ISO and IEC maintain terminological databases for use in standardization at the following addresses:
— ISO Online browsing platform: available at https://www.iso.org/obp
— IEC Electropedia: available at https://www.electropedia.org/
OTC derivative instrument
financial instrument that is, or would be, identified by an ISIN with the prefix “EZ” or “ZZ”
Note 1 to entry: Details regarding how the prefix of an ISIN is determined can be found in ISO 6166:2021, Annex A.
OTC derivative product
group of OTC derivative instruments (3.1) that share common values for a set of data elements specified within the UPI reference data library (3.3), as determined and published by the UPI service provider (3.4)
UPI reference data library
set of data comprising reference data elements with specific values that together describe the product
4 UPI code structure
The UPI code consists of 12 alphanumeric characters decomposed as follows:
— the two-character prefix “QZ”;
— nine alphanumeric characters [upper-case A to Z and 0 to 9 only, excluding the vowel characters (A,E, I, O, U) and the character Y] without separators or special characters;
— one alphanumeric check character [upper-case A to Z and 0 to 9 only, excluding the vowel characters (A, E, I, O, U) and the character Y], shall be calculated using the method specified in Annex C.
5 UPI reference data library
The reference data library is a set of reference data elements, together with their values, which is properly organized and maintained by the UPI service provider. The library shall associate UPI codes with the values of the reference data elements that as a minimum enable the characterization of the products.
Further information concerning the UPI reference data elements and their definitions can be found in Annex A.
Further information concerning the association of the UPI reference data elements to different asset classes and instrument types can be found in Annex B.BS ISO 4914 pdf download.