ISO 4914:2021 金融サービス—一意の製品識別子（UPI） | ページ 2

Foreword

ISO (the International Organization for Standardization) is a worldwide federation of national standards bodies (ISO member bodies). The work of preparing International Standards is normally carried out through ISO technical committees. Each member body interested in a subject for which a technical committee has been established has the right to be represented on that committee. International organizations, governmental and non-governmental, in liaison with ISO, also take part in the work. ISO collaborates closely with the International Electrotechnical Commission (IEC) on all matters of electrotechnical standardization.

The procedures used to develop this document and those intended for its further maintenance are described in the ISO/IEC Directives, 1. In particular, the different approval criteria needed for the different types of ISO documents should be noted. This document was drafted in accordance with the editorial rules of the ISO/IEC Directives, 2 (see www.iso.org/directives ).

Attention is drawn to the possibility that some of the elements of this document may be the subject of patent rights. ISO shall not be held responsible for identifying any or all such patent rights. Details of any patent rights identified during the development of the document will be in the Introduction and/or on the ISO list of patent declarations received (see www.iso.org/patents ).

Any trade name used in this document is information given for the convenience of users and does not constitute an endorsement.

For an explanation of the voluntary nature of standards, the meaning of ISO specific terms and expressions related to conformity assessment, as well as information about ISO's adherence to the World Trade Organization (WTO) principles in the Technical Barriers to Trade (TBT), see www.iso.org/iso/foreword.html .

This document was prepared by Technical Committee ISO/TC 68, Financial services, Subcommittee SC 8, Reference data for financial services.

Introduction

The G20 leaders agreed in 2009 that over-the-counter (OTC) derivatives contracts should be reported to trade repositories as part of their commitment to reform OTC derivatives markets in order to improve transparency, mitigate systemic risk and protect against market abuse. Aggregation of the data reported across trade repositories can enable authorities to obtain a comprehensive view of OTC derivatives markets and activity.

Standardization and harmonization of identifiers and data elements is crucial for global data aggregation. The motivation behind the unique product identifier (UPI) is to uniquely identify OTC derivative products, as defined by a specific set of reference data elements, for the purpose of regulatory reporting to trade repositories.

While the primary driver of the UPI is regulatory reporting, the UPI can also serve other purposes, such as pre- and post-trade processes performed by market participants and financial market infrastructures.

As a result of implementing this document, a unique UPI code will be assigned to each distinct OTC derivative product that is reportable to trade repositories and maps to a set of reference data elements having specific values that together describe the product. The collection of UPI reference data elements and their values for each product will be stored in the UPI reference data library.

1 Scope

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.

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:

Bibliography