The characteristic function for a contraction is a classical complete unitary invariant devised by Sz.-Nagy and Foias. Just as a contraction is related to the Szego kernel for , by means of , we consider an arbitrary open connected domain in , a complete Nevanilinna-Pick kernel on and a tuple $T = (T_1, …, T_n)$ of commuting bounded operators on a complex separable Hilbert space such that . For a complete Pick kernel the functional calculus makes sense in a beautiful way. It turns out that the model theory works very well and a characteristic function can be associated with . Moreover, the characteristic function then is a complete unitary invariant for a suitable class of tuples .

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