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Navigate the UTI Generation Waterfall

Determine which party is responsible for UTI generation with the UTI Generation Determination Mandate from Droit

New UTI harmonization requirements, in line with CPMI-IOSCO guidance, are going live in April of this year. These requirements should streamline data aggregation and enable a more comprehensive view of the international OTC derivatives market for regulators.

However, untangling the waterfall logic for cross-jurisdictional transactions could prove challenging for market participants. To enable financial institutions to gain clarity on waterfall requirements and determine the earliest reporting jurisdiction, Droit developed a UTI Generation Determination Mandate. 

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UTI Generation Determination Mandate from Droit

  • Simplify Compliance: Quickly understand your obligations and identify whether your firm, counterparty, or a CCP need to generate and exchange the UTI

  • Reduce Risk: Create an audit record that ensures full decision transparency and traceability

  • Manage Regulatory Change Efficiently: Droit ensures the mandate is updated in line with the ever-evolving regulatory guidance as well as any regulatory change

Capabilities

  • Outputs both the UTI-generating party and the deadline for generating the UTI

  • Integrates at the point of execution, as a pre-submission validation, or as quality assurance. It can also be accessed by Droit’s Decision UI in order to lighten the integration effort

  • The mandate covers the following reporting regimes - CFTC P43 and 45, EU and UK EMIR, JFSA, ASIC, MAS, and CSA. SEC will be included once these rules have been defined

Chasing Waterfalls:

Solving Cross-jurisdictional UTI Generation and Harmonization

Read our latest blog discussing now to navigate jurisdictional waterfalls for UTI generation compliance. 

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Why Droit?

Droit is perfectly positioned to be able to offer consensus for UTI Waterfall logic, given its long history of creating consensus for trade and transaction reporting eligibility. Avoid increased workloads and incremental costs as UTI rules come into effect in April. Interested in learning more? Contact sales@droitfintech.com.