Unique transaction identifier (UTI) - Financial definition
Financial acronyms
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Concise definition of the term unique transaction identifier
A unique transaction identifier is a globally unique identifier for transactions in OTC derivatives.
Comprehensive definition of the term unique transaction identifier
The UTI is a mandatory regulatory requirement in the US since 2012 under the Dodd-Frank-Act, and in Europe since 2014 under the EMIR regulation.
The term UTI pertains more to the European legislation, whereas the US legislation utilizes the term Unique Swap Identifier (USI).
In practice, however, both terms are used interchangeably.