UTC represents the time of the day at the Earth's Prime Meridian. The hours, minutes and seconds form the time that is represented by the UTC.
The Bureau International des Poids et Measures in Sevres, France, calculates the UTC by averaging data collected from more than 200 atomic time and frequency standards. The BIPM generates two time scales, namely International Atomic time (TAI) and UTC. These two scales realize the second as closely as possible.
The UTC can be considered the ultimate standard of time for time interval, frequency and time of day. Worldwide, clocks synchronized to UTC display the same time, which remains within one second of the UT1, an earlier time scale based on the earth's rotation.