CONSULTATION PAPER ON PROPOSED AMENDMENTS TO THE SF(RDC)R 
                                                                                                                                                                                                                                                                                                                              Annex C 
                                                                                                                  UTI-GENERATION FLOWCHART STRICTLY FOLLOWING CPMI-IOSCO WATERFALL 
           Diagram A  
                                                                                                                                                                                                                                                                                Legend 
              Is the contract centrally-                       Is a CCP a counterparty to                          Is the CCP able and willing                                        The CCP should                                                                            Blue shapes – show steps in line with CPMI-
                        cleared?                   Yes                 the contract?                  Yes              to generate the UTI?                Yes                       generate the UTI                                                                           IOSCO Waterfall 
                                                                                                                                                                                                                                                                                  
                           No                                                No                                                   No                                                                                                                                            Green  shapes  –  show  additional  steps 
                                                                                                                                                                                                                                                                                proposed        in    paragraph        2.14     of     the 
                                                                                                                                                                                                                                                                                consultation  paper  to  cater  to  the  scenario 
                                                               Is a clearing member (who is                           Is the clearing member                                      The clearing member                                                                           where  a  CCP,  clearing  member  or  trading 
                                                                  acting in its capacity as a         Yes                able and willing to              Yes                      should generate the                                                                          venue may be unable or unwilling to generate 
                                                                     clearing member) a                                    generate a UTI?                                                    UTI                                                                               the UTI. 
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                                                              counterparty to the contract?                                                                                                                                                                                       
                                                                                                                                  No                                                                                                                                            Grey shapes – show the end of a step 
                                                                                                                    Is the counterparty (who is                                  The counterparty (who is 
                                                                                                                    not the CCP or the clearing           Yes                   not the CCP or the clearing 
                                                                                                                   member) able and willing to                                    member) to the contract 
                                                                                                                           generate a UTI?                                        should generate the UTI 
                                                                                                                                  No 
              Is the contract centrally-                         Is the contract a cross-
               executed on a trading               No           jurisdictional contract?              Yes                  See Diagram B 
                         venue? 
                           Yes                                               No 
             Is the trading venue able                          Do both counterparties                                     Is the contract                                         Do counterparties have                                      The agreed entity 
              and willing to generate               No        have reporting obligations              Yes           electronically confirmed or           No                        an agreement on who                 Yes                  should generate the 
                        the UTI?                                  under the SF(RDC)R?                                 will it be electronically                                      should generate the                                                UTI 
                                                                                                                             confirmed?                                                        UTI? 
                           Yes                                               No                                                   Yes                                                           No 
                                                                                                                        Is the confirmation                                          Will the contract be                                  Is that trade repository                                 The trade repository 
                                                                                                                    platform able and willing             No                          reported to a single               Yes                  able and willing to                  Yes               should generate the 
                                                                                                                       to generate the UTI?                                            trade repository?                                        generate a UTI?                                                 UTI 
                                                                                                                                  Yes                                                           No                                                      No 
                 The trading venue                          The counterparty with reporting                              The confirmation                                The counterparty whose identifier is first, 
                should generate the                     obligations should generate the UTI or                            platform should                              based on sorting the counterparties’ identifier 
                           UTI                           may delegate the responsibility to an                           generate the UTI                               with the characters of the identifier reversed, 
                                                                     agreeable entity                                                                                               should generate the UTI 
                                                                                                                                                                                                                                                                                                                                               
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             Footnote 1: One of the counterparties to a centrally-cleared contract must be either a CCP or a clearing member (who is acting in his capacity as clearing member). Thus, it is not possible to have “no” to this question.  
         CONSULTATION PAPER ON PROPOSED AMENDMENTS TO THE SF(RDC)R 
         Diagram B 
          
                                                                                                                                             UTI is to be generated                                                            Legend 
             Is the contract a cross-               Does one jurisdiction have                                                              according to the rules of                                                          Blue shapes – show steps in line with CPMI-
            jurisdictional contract?      Yes           a sooner reporting          Yes                                                     the jurisdiction with the                                                          IOSCO Waterfall 
                                                             deadline?                                                                     sooner reporting deadline                                                             
                                                                                                                                                                                                                               Green  shapes  –  show  additional  steps 
                       No                                       No                                                                                                                                                             proposed      in   paragraph     2.14   of    the 
                                                                                                                                                                                                                               consultation  paper  to  cater  to  the  scenario 
                                                     Do counterparties have                                                                     The agreed entity                                                              where  a  CCP,  clearing  member  or  trading 
                 See Diagram A                        an agreement on who           Yes                                                        should generate the                                                             venue may be unable or unwilling to generate 
                                                       should generate the                                                                              UTI                                                                    the UTI. 
                                                               UTI?                                                                                                                                                              
                                                                                                                                                                                                                               Grey shapes – show the end of a step 
                                                                No 
                                                          Is the contract                          Is the confirmation                          The confirmation 
                                                    electronically confirmed or     Yes            platform able and           Yes               platform should 
                                                      will it be electronically                  willing to generate the                        generate the UTI 
                                                            confirmed?                                    UTI? 
                                                                No                                         No 
                                                       Will the contract be                      Is that trade repository                     The trade repository 
                                                       reported to a single         Yes            able and willing to         Yes             should generate the 
                                                        trade repository?                           generate a UTI?                                     UTI 
                                                                No                                         No 
                                                                                                                                     The counterparty whose identifier is first, 
                                                                                                                                   based on sorting the counterparties’ identifier 
                                                                                                                                    with the characters of the identifier reversed, 
                                                                                                                                              should generate the UTI 
                                                                                                                                                                                                                                                                                    
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