On February 18, 2026, the Reserve Bank of India (RBI) released a circular on Unique Transaction Identifier (UTI) for OTC Derivative Transactions. A draft circular had been issued on October 23, 2025, seeking feedback from banks, market participants and other interested parties. The UTI serves as a single unique reference for an OTC derivative transaction, enabling policy makers to obtain a comprehensive view of the OTC derivatives market and facilitating global aggregation of transactions. Feedback on the draft circular has been examined and modifications have been incorporated in the final directions, and a statement on the feedback is provided in the Annex. The Chief General Manager is (Brij Raj). The press release number is 2025-2026/2138. The RBI website is www.rbi.org.in, and the email address is helpdoc@rbi.org.in. The Department of Communication is located at the Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001. The phone number is 022 - 2266 0502.
Key Entities Referenced
Unique Transaction Identifier (UTI) for OTC Derivative Transactions: A proposed system for uniquely identifying over-the-counter derivative transactions, providing a reference point for policy makers and market participants.
Reserve Bank of India: The central bank of India, responsible for issuing the circular.
directions: Final directions on UTI for OTC Derivative Transactions issued after modifications from feedback on the draft circular.
Mumbai: Location of the Department of Communication, Central Office of RBI.
Annex: Contains the statement on the feedback received on the draft circular.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
February 18, 2026
RBI releases Circular on Unique Transaction Identifier for OTC Derivative
Transactions
The Reserve Bank of India had issued a draft circular on Unique Transaction
Identifier (UTI) for OTC Derivative Transactions on October 23, 2025, seeking
feedback from banks, market participants and other interested parties. UTI serves as
a single unique reference for an OTC derivative transaction. It enables policy makers
to obtain a comprehensive view of OTC derivatives market by facilitating global
aggregation of transactions.
Feedback received on the draft circular has been examined and consequent
modifications have been suitably incorporated in the final directions. Statement on
the feedback received on the draft circular is provided in the Annex.
(Brij Raj)
Press Release: 2025-2026/2138 Chief General Manager