Abstract: A unique transaction identifier governor generates and/or validates a unique trade identifier based on a set of pre-defined rules. The identifier is made up of multiple components, each component being generated using a linear construct, a rule-based hierarchies construct, or an algorithmic construct. Additionally, the governor enables the user to implement a customized construct for generating strings of Arabic numerals, letters, or any combination thereof as separate identifier components. Once an identifier is created and/or validated, the governor updates its database to include the identifier, and components therefor, in a comprehensive list of all previously generated identifiers. Thus, the governor is able to validate uniqueness of identifiers by cross-checking each generated component or identifier against the previously generated identifiers, and components therefor, stored within the governor's database(s).

Abstract: A Unique Transaction Identifier Generator (UTIG) is used to centralize and standardize the Unique Transaction Identifier (UTI) process by either (a) generating and creating, (b) assigning, (c) matching, (d) enriching or (e) distributing one or more unique identifier(s) for one or more transactions by and between one or more parties. The generator creates, assigns, matches, enriches and/or distributes one or more unique trade identifiers based on rules applied and is capable of using prefix, mathematics or simple linear count which will ensure the generation of unique data. This methodology allows the parties, their counterparts, third-party service providers and also internal hierarchy structures to maintain uniqueness.