The Reserve Bank of India (RBI) has introduced a structured waterfall mechanism to determine the responsibility for generating the Unique Transaction Identifier (UTI) for Over-the-Counter (OTC) derivative transactions. Regarding this priority hierarchy, which of the following statements is/are correct? 1. In the generation sequence, the Electronic Trading Platform (ETP) is assigned a higher priority than the mutual agreement between counterparties. 2. The Trade Repository (CCIL-TR) is designated as the final entity in the waterfall, assigning the UTI only if it is not generated by the preceding three levels. 3. The waterfall mechanism identifies the mutually agreed counterparty arrangement as the highest priority for identifier generation, preceding the Central Counterparty (CCP). Select the correct option:

The Reserve Bank of India (RBI) issued directions on February 18, 2026, regarding the mandatory implementation of the Unique Transaction Identifier (UTI) for Over-the-Counter (OTC) derivative transactions. Regarding the regulatory guidelines for the Unique Transaction Identifier (UTI) in the derivatives market, which of the following statements is/are correct? 1. In cases of cross-border OTC derivative transactions reported in multiple jurisdictions, the Unique Transaction Identifier (UTI) must be reported within the standard deadline, or within 5 Mumbai business days if delayed. 2. The regulatory coverage for mandatory UTI reporting specifically extends to foreign currency interest rate derivatives, facilitating a comprehensive view of derivative exposures for regulators. 3. While market participants are responsible for establishing internal compliance systems, the Clearing Corporation of India Limited (CCIL) is mandated to issue the detailed operational guidelines for the framework. Select the correct option:

The Reserve Bank of India (RBI) has introduced the Unique Transaction Identifier (UTI) framework for Over-the-Counter (OTC) derivative transactions. Regarding the structural and operational framework of the UTI, which of the following statements is/are correct? 1. The Unique Transaction Identifier (UTI) is a standard code of no more than 52 characters that integrates a Legal Entity Identifier (LEI) and a specific transaction code, remaining consistent for the entire duration of the contract. 2. In the hierarchy of the UTI generation waterfall, if the identifier is not produced by the Central Counterparty (CCP) or Electronic Trading Platform (ETP), and no agreement is reached between counterparties, the Trade Repository (CCIL-TR) assumes the role of assigning the code. 3. The mandatory UTI framework follows the global CPMI-IOSCO standards for alignment and necessitates that market participants establish dedicated internal systems and processes to ensure reporting compliance. Select the correct option: