UTI. For each transaction eligible under EMIR, a Unique Trade Identifier (“UTI”) needs to be generated, agreed between the two counter- parties and reported to a Trade Repository. We therefore need to agree on a process to ensure the correct generation and communication of the identifier before the reporting obligation starts. For transactions which DNB shall report, we will generate the UTI, and report this to the Trade Repository. If you do not want DNB to report on your behalf, you should contact us as soon as possible to agree on how UTI’s will be generated and communicated.
Appears in 2 contracts
Sources: Portfolio Reconciliation and Transaction Reporting Agreement, Portfolio Reconciliation and Transaction Reporting Agreement