The Derivatives Service Bureau invites applications for new Product Committee Members
London, 16th February 2023 – The Derivatives Service Bureau (DSB), the global golden source of reference data for Over the Counter (OTC) derivatives, is today inviting industry experts to join the DSB Product Committee with submission of Member applications closing on Monday, 13 March 2023.
The DSB Product Committee’s existing membership includes a diverse group of industry experts from the buy-side, sell-side, custodians, data vendors, trade repositories, trading venues and trade associations. Members are subject matter experts with OTC derivative asset class and workflow expertise, as well as providing geographical representation. A key role of the Product Committee’s work is to assist the DSB in specific industry developments in the OTC derivatives space.
The Product Committee’s Charter was revised in 2021, expanding in remit to include the DSB’s work as the Unique Product Identifier (UPI) Service Provider. With the global UPI Service close to launching, the DSB is looking for new Members to complement the existing expertise in OTC derivatives products and global standards. The PC continues to be well represented from the North American and European regions but also looks to increase representation from the Asia and Middle East regions.
The DSB Product Committee, via the Digital Asset Strategy Sub-Committee (DAS-SC), are discussing the implications of the emergence of digital assets on OTC derivatives, with the objective to agree an approach to a common methodology for the treatment of digital assets. Stakeholders with expertise in this area are also welcome to apply.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “We are indebted to our Product Committee members, who are actively engaged and work hard to establish harmonisation and data alignment for the global OTC derivatives market. The Product Committee has been key in DSB preparations for implementation of the UPI and, as the UPI launch date grows closer, they will be key to helping address data-related challenges and promote best practice for stakeholders.”
To view the current Product Committee Charter and download the application form visit the DSB website https://www.anna-dsb.com/product-committee/. Interested OTC derivative stakeholders have until Monday 13th March to submit their applications, with PC membership being announced early April 2023.
ENDS
Media contact for ANNA
Charlotte Wilson
Streets Consulting
+44 (0)20 7959 2235
charlotte.wilson@streetsconsulting.com
The Derivatives Service Bureau (DSB) Ltd
The Derivatives Service Bureau, DSB, is the global golden source of reference data for Over the Counter (OTC) derivatives. Serving over 4,000 users spanning approximately 500 institutions, the DSB enables market participants to meet their regulatory reporting obligations to trade repositories, and for post- trade transparency and market abuse reporting related to MiFID II. A global utility with widespread industry representation, expertise and collaboration at its core, the DSB provides its reference data on a cost-recovery basis to increase transparency, efficiencies and interoperability through the use of standards. Users can access the DSB’s automated zero-touch technology platform through an open and easily accessible web interface that can handle multiple taxonomies of definitions and descriptive data for near real-time allocation.
Founded by the Association of National Numbering Agencies, ANNA, the DSB is the sole source of multiple ISO standards for OTC derivatives, including International Securities Identification Numbers (ISINs), Unique Product Identifiers (UPIs), Classification of Financial Instruments Codes (CFIs) and Financial Instrument Short Names (FISNs). In addition to its ISO mandates, the DSB has been nominated by the Financial Stability Board of the G20 to be the exclusive global operator of the UPI Service. This service will enable authorities to aggregate data on OTC derivatives transactions by product or by any UPI reference data element. If you would like to use the Derivatives Service Bureau please visit the DSB website
About ANNA
The Association of National Numbering Agencies (ANNA) is a global member association seeking to foster standardisation within the financial industry by upholding the International Organization for Standardization (ISO) principles and by promoting ISIN, FISN and CFI codes for financial instruments. This is achieved through ongoing, collaborative work with market participants, regulators and other standards bodies.
Under ANNA’s stewardship, the role of the ISIN in enabling global financial communications has been established worldwide. Founded in 1992 by 22 numbering agencies, today ANNA’s membership continues to grow, with more than 120 global members and partners allocating ISIN, FISN and CFI codes on behalf of their local jurisdictions. By putting in place rigorous governance around the development, allocation and sharing of ISIN, FISN and CFI codes, ANNA helps facilitate open, transparent markets diminishing barriers to access, while protecting the integrity of the standards. As a result, ISIN has become the recognised global standard for unique identification for all types of financial and referential instruments, helping to connect and protect global markets.
In addition, ANNA has established the Derivatives Service Bureau (DSB), a fully automated global numbering agency to meet the specific operational and regulatory requirements of the over-the-counter derivatives markets.
For information about ANNA, its members and activities, please visit the website
