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      Question

      For transactions reportable only in India, who is

      responsible for generating the UTI if the transaction is executed on an approved Electronic Trading Platform (ETP)?
      A The Central Counterparty (Level 1) Correct Answer Incorrect Answer
      B The Electronic Trading Platform (Level 2) Correct Answer Incorrect Answer
      C The Mutually Agreed Entity (Level 3) Correct Answer Incorrect Answer
      D The Trade Repository (Level 4) Correct Answer Incorrect Answer
      E The clearing member handling settlement Correct Answer Incorrect Answer

      Solution

      In the generation waterfall mechanism for domestic trades, if the trade is not cleared through a direct CCP (Level 1), the responsibility falls to Level 2, which dictates that the approved Electronic Trading Platform (ETP) must generate the UTI.

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