DSB says industry is ready to meet UPI mandate ahead of deadline

The Unique Product Identifier will be required for certain OTC derivatives in the EU at the end of April, following US adoption in January.

Early last week, the Derivatives Service Bureau (DSB)—the body in charge of two widely used over-the-counter derivative trade identifiers—released its assessment of industry readiness for the Unique Product Identifier, the first globally mandated OTC derivative identifier.

The EU is the second G20 jurisdiction to implement the UPI, following the US’ implementation in January. The requirement to use it is part of the EU’s European Market Infrastructure Regulation (Emir) Refit, which comes into

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