The UTI structure will be based on the LEI of the generating entity, thus ensuring the uniqueness of each issued UTI while allowing a plurality of generating entities. The UPI – meanwhile – will allow flexible aggregation of different types of derivatives products by grouping various reference data elements, which are important for a specific analysis.
Consistent with the global dimension I mentioned at the beginning of my remarks, the CPMIIOSCO guidance refers to international standards, in particular ISO, when applicable, in order to ensure international standardisation and a process for adapting the standard if needed. And the CPMI and IOSCO will also harmonise definitions and formats for a wide range of other critical data elements in the coming months.