Page 172 - PRIAA Glossary

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UNDERLYING
Any market variable whose value is explicitly referenced by a derivatives contract, in order to determine the contract’s value and cash flows. Underlyings are typically tradable securities, such as equity prices and commodity prices, but underlyings can also be benchmarks that are not directly tradable, such as equity indexes and interbank fixing rates.
UNDISPUTED AMOUNT
In a given agreement, the amount that is not in dispute between the parties involved in the contract. This may be settled prior to the resolution of the amount in dispute.
UNIFIED MANAGED ACCOUNT (UMA)
An investment account managed by an investment advisor or multiple advisors, without the need to have separate accounts for each strategy and allocation in the portfolio.
UNIFIED MANAGED HOUSEHOLD (UMH)
An extension of a Unified Managed Account (UMA) that allows immediate family members to participate in a holistic portfolio.
UNIQUE COUNTERPARTY IDENTIFIER (UCI)
Codes created by the Commodity Futures Trading Commission (CFTC) specific to entities participating in a swap transaction. These codes are part of the information required to be reported to a swap data repository (SDR).
UNIQUE PRODUCT IDENTIFIER (UPI)
Refers to a standardisation scheme to classify derivative products. These can be an International Securities Identification Number (ISIN), the International Swaps and Derivatives Association (ISDA) taxonomy code, an Alternative Instrument Identifier (AII) code or a Classification of Financial Instruments (CFI) code—or a combination.
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