The Derivatives Services Bureau successfully completes Third Party Assurance Audit
London, 14th April 2020 – The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs) for OTC derivatives, today has announced successful completion of International Standard on Assurance Engagements 3000 (revised) and 3402 (“ISAE 3000 and 3402”) and the Institute of Chartered Accountants in England and Wales Technical Release AAF 01/06 (“AAF 01/06”) Type I audit.
The audit was conducted by an Independent Service Auditor as part of the DSB’s governance process and as a mechanism for the DSB Board to understand how well the organisation is performing from an operational and business point of view. In addition, the report can assist users with information on the policies, procedures and controls in place, as well as understand the adequacy and operating effectiveness of those controls. The DSB received an unqualified report with no exceptions noted.
The DSB will continue to work over the forthcoming year on complying with the Type II audit, with the report due Q2 2021, which is intended to establish the DSB’s ability to maintain its control procedures over a 12 month period.
Copies of the Type I audit report can be made available upon request to both existing and potential users of the DSB. To obtain a copy please email Client-Admin@ANNA-DSB.com.
ENDS
Media contact for ANNA
Lindsay Clarke
Streets Consulting
+44 (0)20 7959 2235
lindsay.clarke@streetsconsulting.com
The Derivatives Service Bureau (DSB) Ltd
The Derivatives Service Bureau is a global numbering agency for OTC derivatives serving the needs of market participants through the allocation of International Securities Identification Numbers (ISINs), the Classification of Financial Instruments (CFI) and Financial Instrument Short Name (FISN), all globally recognised and adopted ISO standards for identifying, classifying and describing financial instruments. With an underlying technology platform that is built to support multiple taxonomies of definitions and descriptive data, as well as numbering in near-real-time, the DSB is motivated to bring greater transparency and integration within the OTC derivatives market, enabling institutional investors to standardise data and better control operational risk. Users can access the DSB through a web interface, by accessing data in daily update files or by direct integration to front-office systems for trading and order management.
The DSB is a legal subsidiary of the Association of National Numbering Agencies (ANNA). With widespread industry representation, expertise and collaboration at its core, the DSB’s history, pedigree and expertise are rooted in ANNA, with its broad experience and overview of handling both on and off-exchange ISINs for all asset classes. If you would like to use the Derivatives Service Bureau please visit the DSB website
