On February 18, 2026, the Reserve Bank of India (RBI) released a circular on the Unique Transaction Identifier (UTI) for OTC Derivative Transactions. The RBI had issued a draft circular 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 policymakers to obtain a comprehensive view of the OTC derivatives market by facilitating global aggregation of transactions. Feedback received on the draft circular has been examined, and consequent modifications have been incorporated in the final directions. The statement on the feedback received is provided in the Annex. The press release number is 2025-2026/2138. Contact Brij Raj, Chief General Manager. Website: www.rbi.org.in/hindi, Website: www.rbi.org.in, email : helpdoc@rbi.org.in, Phone: 022 - 2266 0502.
Key Entities Referenced
Unique Transaction Identifier (UTI) for OTC Derivative Transactions: A system for OTC derivative transactions providing a single unique reference.
Reserve Bank of India: Issuer of the circular on Unique Transaction Identifier (UTI) for OTC Derivative Transactions.
Mumbai: Location of the Reserve Bank of India's Central Office.
directions: Final Directions that incorporates changes from feedback on draft circular.
Annex: 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