Notice

ASX OTC Clearing – CFTC re-write initiative

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Notice reference number: 1349.22.12
Date published: 02/12/22
Effective as of: 05/12/22
Last updated: 02/12/22

CFTC Re-Write and UTI enhancements – ASX OTC Clearing Service

Effective from 5 December 2022, ASX will be making changes to its OTC reporting and API messages in alignment with the CFTC’s move to adopt global UTI standards as described in the Final Part 45 Rule published by the CFTC here. This is in accordance with the industry go-live of the CFTC re-write initiative (and was previously advised in ASX Market Notice 0798.22.07).

From 5 December 2022:

·       ASX will generate a single global UTI for all trades cleared on the service.

·       ASX will no longer generate a USI for any trades cleared on the service.

·       OTC Open Contracts cleared prior to 5 December 2022 will not be impacted.

The format of the UTI generated by ASX will change, in accordance with the UTI technical standards. The new UTI format will be: ASX Clear (Futures)’s LEI + ASX + Unique ID for example:

·       Example UTI: 549300ZD7BBOVZFVHK49ASX000000000000000000000395349V3

As a result of the adoption of the UTI technical standards, a UTI prefix, USI prefix and USI value will no longer be required on any cleared trades following the go-live date.

ASX has made OTC reporting and API message changes in accordance with these new requirements and these are available here.

Need more information?

Please contact us for further information.
 

Issued by

Allan McGregor,
Senior Manager, Rates

Contact information

Allan McGregor
+61 (02)  9227 0814
Allan.McGregor@asx.com.au

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