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ISIN Finder helps firms identify reportable ISINs for a given UPI (Unique Product Identifier).

UPIs (Unique Product Identifiers) are emerging as the global standard across most transaction reporting regimes for identifying OTC (Over-the-Counter) derivatives. However, some regimes still require an ISIN, or certain reporting platforms may prefer ISINs due to their greater granularity.

The Problem

While regulators across jurisdictions are increasingly moving towards the requirement of UPIs in transaction reporting, certain regimes, particularly in Europe, still favour the use of ISINs. Furthermore, regimes like MiFID, only accept ISINs, meaning firms with multiple reporting obligations often need both an ISIN and a UPI.

ISINs provide greater granularity in describing an instrument, and many internal reporting systems also rely on ISINs for identification.

In the US, the CFTC has fully adopted the use of UPIs, and the industry anticipates that the UK and EU reporting regimes will follow suit with more widespread adoption.

However, until there is global harmonisation, firms face the challenge of matching ISINs with UPIs.

Converting UPIs to ISINs can be complex and time-consuming, increasing the risk of potential errors and compliance issues.

The Solution

Qomply's ISIN Finder offers a seamless and efficient solution to converting UPIs to ISINs. In a click, the tool encapsulates complex searches across databases and cross references data against FIRDs. It makes retrieving reportable ISINs fast and easy.

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