Unique Transaction Identifier
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Unique Transaction Identifier
A Unique Transaction Identifier (Acronym: UTI), alternatively called Unique Swap Identifier (Acronym: USI) is a globally unique identifier for individual transactions in financial markets. USIs were introduced in late 2012 in the U.S. in the context of Dodd–Frank regulation, where reporting of transactions to Trade Repositories first became mandatory. European financial market regulations followed suit, with reporting to Trade Repositories under EMIR requiring UTIs from February 2014 on. The use of the UTI is also mandatory for regulatory reporting under REMIT. Strictly speaking, the term USI is specific to the U.S. regulation, while UTI is specific to EU regulations. In practice, both terms are used interchangeable, in particular within large trading firms reporting under both regimes. The UTI/USI is governed by the ISO 23897 standard. Structure A UTI/USI is an alphanumeric code of fixed length, with the maximum length defined as either 42 (U.S.) or 52 (EU) characters. The ...
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Acronym
An acronym is a word or name formed from the initial components of a longer name or phrase. Acronyms are usually formed from the initial letters of words, as in ''NATO'' (''North Atlantic Treaty Organization''), but sometimes use syllables, as in ''Benelux'' (short for ''Belgium, the Netherlands, and Luxembourg''). They can also be a mixture, as in ''radar'' (''Radio Detection And Ranging''). Acronyms can be pronounced as words, like ''NASA'' and ''UNESCO''; as individual letters, like ''FBI'', ''TNT'', and ''ATM''; or as both letters and words, like '' JPEG'' (pronounced ') and ''IUPAC''. Some are not universally pronounced one way or the other and it depends on the speaker's preference or the context in which it is being used, such as '' SQL'' (either "sequel" or "ess-cue-el"). The broader sense of ''acronym''—the meaning of which includes terms pronounced as letters—is sometimes criticized, but it is the term's original meaning and is in common use. Dictionary and st ...
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Colon (punctuation)
The colon is a punctuation mark consisting of two equally sized dots aligned vertically. A colon often precedes an explanation, a list, or a quoted sentence. It is also used between hours and minutes in time, between certain elements in medical journal citations, Chapters and verses of the Bible, chapter and verse in Bible citations, and, in the US, for salutations in business letters and other formal letter, formal letter writing. History In Ancient Greek, in rhetoric and meter (poetry), prosody, the term (', 'limb, member of a body') did not refer to punctuation, but to a member or section of a complete thought or passage; see also ''Colon (rhetoric)''. From this usage, in palaeography, a colon is a clause or group of clauses written as a line in a manuscript.''Oxford English Dictionary'', 1st ed. "colon, ''n.²''" Oxford University Press (Oxford), 1891. In the 3rd century BC, Aristophanes of Byzantium is alleged to have devised Greek punctuation, a punctuation system, in ...
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European Federation Of Energy Traders
The European Federation of Energy Traders (EFET) is an association of European energy traders in markets for wholesale electricity and gas. EFET was founded in 1999 in response to the liberalisation of electricity and gas markets within the European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been des .... EFET advocates policies and regulatory measures which allow electricity and gas trading to develop freely while encouraging good risk management practices and responsible corporate governance. In its role as a standard setting body, EFET aims to provide standard solutions to common aspects of wholesale energy transactions, such as contracting and data exchange. Members As of January 2014, EFET had a total of 126 member companies, of which 37 were associate members.
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Agency For The Cooperation Of Energy Regulators
The European Union Agency for the Cooperation of Energy Regulators (ACER) is an Agency of the European Union by the Third Energy Package in 2009. It was established in 2010 and has its seat in Ljubljana, Slovenia. On 6 May, the administrative board designated Alberto Pototschnig as its first director. By deciding on their director and chairs, ACER took a step forward towards becoming fully operational. On 1 January 2020, Christian Pilgaard Zinglersen was appointed as ACER's second director. The basis for the establishment of ACER is Regulation 713/2009 of the European Parliament and the Council of 13 July 2009. The regulation describes the establishment and the legal status, tasks, organisation, and financial provisions. ACER is the second intergovernmental organization headquartered in Slovenia. The first was the International Center for Promotion of Enterprises (ICPE). Tasks The Agency: * complements and coordinates the work of national regulatory authorities, * partici ...
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Commodity Futures Trading Commission
The Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974 that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of options. The Commodity Exchange Act (CEA), ''et seq.'', prohibits fraudulent conduct in the trading of futures, swaps, and other derivatives. The stated mission of the CFTC is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. After the financial crisis of 2007–08 and since 2010 with the Dodd–Frank Wall Street Reform and Consumer Protection Act, the CFTC has been transitioning to bring more transparency and sound regulation to the multitrillion dollar swaps market. History Futures contracts for agricultural commodities have been traded in the U.S. for more than 150 years and have been under federal regulation since the 1920s. The Grain Futures Act of 1922 set the basic authority and was changed by the Commo ...
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Bank For International Settlements
The Bank for International Settlements (BIS) is an international financial institution owned by central banks that "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through its meetings, programmes and through the Basel Process – hosting international groups pursuing global financial stability and facilitating their interaction. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City. History The BIS was established in 1930 by an intergovernmental agreement between Germany, Belgium, France, the United Kingdom, Italy, Japan, the United States, and Switzerland. It opened its doors in Basel, Switzerland, on 17 May 1930. The BIS was originally intended to facilitate reparations imposed on Germany by the Treaty of Versailles after World War I, and to act as the truste ...
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Check Digit
A check digit is a form of redundancy check used for error detection on identification numbers, such as bank account numbers, which are used in an application where they will at least sometimes be input manually. It is analogous to a binary parity bit used to check for errors in computer-generated data. It consists of one or more digits (or letters) computed by an algorithm from the other digits (or letters) in the sequence input. With a check digit, one can detect simple errors in the input of a series of characters (usually digits) such as a single mistyped digit or some permutations of two successive digits. Design Check digit algorithms are generally designed to capture ''human'' transcription errors. In order of complexity, these include the following: * letter/digit errors, such as l → 1 or O → 0 * single-digit errors, such as 1 → 2 * transposition errors, such as 12 → 21 * twin errors, such as 11 → 22 * jump transpositions errors, such as 132 → 231 * jump twi ...
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European Securities And Markets Authority
The European Securities and Markets Authority (ESMA) is an independent European Union Authority located in Paris. ESMA replaced the Committee of European Securities Regulators (CESR) on 1 January 2011. It is one of the three new European Supervisory Authorities set up within the European System of Financial Supervisors. __TOC__ Overview ESMA works in the field of securities legislation and regulation to improve the functioning of financial markets in Europe, strengthening investor protection and co-operation between national competent authorities. The idea behind ESMA is to establish an "EU-wide financial markets watchdog". One of its main tasks is to regulate credit rating agencies. In 2010 credit rating agencies were criticized for the lack of transparency in their assessments and for a possible conflict of interest. At the same time, the impact of the assigned ratings became significant for companies and banks but also states. In October 2017, ESMA organised its first ...
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Underscore
An underscore, ; also called an underline, low line, or low dash; is a line drawn under a segment of text. In proofreading, underscoring is a convention that says "set this text in italic type", traditionally used on Manuscript (publishing), manuscript or Manuscript#Modern variations, typescript as an List of proofreader's marks, instruction to the printer. Its use to add emphasis in modern documents is a deprecated practice. The underscore character, , originally appeared on the typewriter and was primarily used to emphasise words as in #Manuscripts, the proofreader's convention. To produce an underscored word, the word was typed, the typewriter carriage was moved back to the beginning of the word, and the word was overstrike, overtyped with the underscore character. In modern usage, underscoring is achieved by Markup language, markup or with combining characters. The original free-standing underscore character continues in use to create visual spacing within a sequence of char ...
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Full Stop
The full stop (Commonwealth English), period (North American English), or full point , is a punctuation mark. It is used for several purposes, most often to mark the end of a declarative sentence (as distinguished from a question or exclamation). This sentence-ending use, alone, defines the strictest sense of ''full stop''. Although ''full stop'' technically applies only when the mark is used to end a sentence, the distinction – drawn since at least 1897 – is not maintained by all modern style guides and dictionaries. The mark is also used, singly, to indicate omitted characters or, in a series, as an ellipsis (), to indicate omitted words. It may be placed after an initial letter used to stand for a name or after each individual letter in an initialism or acronym (e.g., "U.S.A."). However, the use of full stops after letters in an initialism or acronym is declining, and many of these without punctuation have become accepted norms (e.g., "UK" and "NATO"). This trend has pro ...
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Hyphen
The hyphen is a punctuation mark used to join words and to separate syllables of a single word. The use of hyphens is called hyphenation. ''Son-in-law'' is an example of a hyphenated word. The hyphen is sometimes confused with dashes (figure dash , en dash , em dash , Horizontal bar (punctuation), horizontal bar ), which are longer and have different uses, or with the minus sign , which is also longer and more vertically centred in some typefaces. Although hyphens are not to be confused with en dashes, there are some overlaps in #Use in English, usage (in which either a hyphen or an en dash may be acceptable, depending on user preference, as #En dash, hyphen, or either one, discussed below). In addition, the hyphen often substitutes for the en dash elsewhere in informal writing. As an Orthography, orthographic concept, the hyphen is a single entity. In terms of character encoding and display, it is represented by any of several character (computing), characters and glyphs, inc ...
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International Swaps And Derivatives Association
International is an adjective (also used as a noun) meaning "between nations". International may also refer to: Music Albums * ''International'' (Kevin Michael album), 2011 * ''International'' (New Order album), 2002 * ''International'' (The Three Degrees album), 1975 *''International'', 2018 album by L'Algérino Songs * The Internationale, the left-wing anthem * "International" (Chase & Status song), 2014 * "International", by Adventures in Stereo from ''Monomania'', 2000 * "International", by Brass Construction from ''Renegades'', 1984 * "International", by Thomas Leer from ''The Scale of Ten'', 1985 * "International", by Kevin Michael from ''International'' (Kevin Michael album), 2011 * "International", by McGuinness Flint from ''McGuinness Flint'', 1970 * "International", by Orchestral Manoeuvres in the Dark from '' Dazzle Ships'', 1983 * "International (Serious)", by Estelle from '' All of Me'', 2012 Politics * Political international, any transnational organization of ...
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