Recently, Qiao introduced a unified form for 0-overlap and 1-grouping functions, called Θ−Ξ functions. With more relaxed boundary conditions, Θ−Ξ functions can be served as a generalization of overlap and grouping functions. As a result, the flexibility and generality of Θ−Ξ functions allow for a wider range of applications, with a potential for application that exceeds that of overlap and grouping functions. This paper focuses on the study of the multiplicative generator pairs (MGPs) of Θ−Ξ functions. Firstly, we propose two concepts of an MGP for a Θ−Ξ function, which are based on the correlation between the value of boundary elements ℓ and ℘, specifically, ℓ<℘ and ℓ>℘. And then, for each of the two cases in turn, we provide the conditions for deriving a Θ−Ξ function from the MGP and determine its block structures. Moreover, we discuss such multiplicatively generated Θ−Ξ functions with neutral elements and examine the actions of (ℓ,℘)-pseudo-automorphisms on them. Finally, we establish two equivalent relationships between MGPs of Θ−Ξ functions with ℓ<℘ and those with ℓ>℘.