ISO 4914 is a standard that covers unique product identifiers for financial services, enabling effective classification and identification for effective delivery of financial services.
ISO 4914 specifies the elements of an unambiguous scheme to identify over-the-counter (OTC) derivative products that are reportable to trade repositories, in particular:
At a minimum, the UPI code in ISO 4914 is applicable to OTC derivative instruments falling under the following categories of the classification of financial instruments (see ISO 10962):
ISO 4914 on unique product identifiers for financial services applies to:
A UPI service provider is an organization designated by an external body of financial regulators to assign UPIs and operate the UPI reference data library.
ISO 4914 provides users guidance on UPI code structure and UPI reference data library, enabling users to develop an effective framework for financial service providers.
ISO 4914 provides users guidance on the data element name and data element description for asset class, instrument type, delivery type, option style, return, pricing method, settlement currency and more, enabling users to identify the products falling under the scope of financial services.
With obedience and compliance to ISO 4914, users can ensure the effective delivery of financial services for different asset classes and instrument types.
ISO 4914