What firms should know ahead of the DSB’s UPI launch
Six jurisdictions have set deadlines for firms to implement the derivatives identifier, with more expected to follow.
The Derivatives Service Bureau, a subsidiary of the Association of National Numbering Agencies (ANNA), will launch the Unique Product Identifier for over-the-counter derivatives on Monday, October 16, in what is a long-awaited reform of the post-financial crisis effort to make OTC derivatives markets safer.
Firms will have three months following the launch of the UPI into the production environment before the first compliance dates requiring its use take effect in 2024, with the US first to go
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