Harmonisation of the Unique Product Identifier (UPI) - guidance issued by CPMI-IOSCO

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Bill: This seems like a big deal, a recommendation on how to label OTC products with a 12 character alphanumeric code. A flow chart is shown below which implies the existance of a new UPI allocation service to which everyone refers to get the right UPI for each combination of trade characteristics.  Follow the link to the BIS site for the original source, or click the PDF attached below.

Press release about CPMI and IOSCO issuing a report on "Harmonisation of the Unique Product Identifier - Technical Guidance", 28 September 2017.