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The G20 Leaders agreed in 2009 that all over-the-counter (OTC) derivative transactions should be reported to trade repositories (TRs) to further the goals of improving transparency, mitigating systemic risk and preventing market abuse.  Aggregation of the data being reported across TRs will help authorities to obtain a comprehensive view of the OTC derivatives market and its activity. Such aggregation is feasible if “the work on standardisation and harmonisation of important data elements [is] completed”. The CPMI and IOSCO have published technical guidance to harmonise the Unique Transaction Identifier (UTI) and the Unique Product Identifier (UPI). The Harmonisation of the critical OTC derivatives data elements provides technical guidance on the definition, format and allowable values of critical data elements (other than UTI and UPI) important to aggregation by authorities.