RBI plans a Unique Transaction Identifier (UTI) framework for OTC derivatives to improve transparency, global compliance, and regulatory oversight by 2026.

• UTI will uniquely identify each OTC derivative transaction, complementing the Legal Entity Identifier (LEI) system for counterparties.
• Implementation will begin on April 1, 2026, covering rupee, forex, interest rate, and credit derivative transactions.
• The framework enhances global data alignment, allowing regulators better visibility into aggregate OTC derivative exposures across markets.