Current Affairs · Banking & Financial Sector
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:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3✓
- 21 and 3 only
- 32 and 3 only
- 41 and 2 only
Correct answer
1, 2 and 3
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