The Derivatives Service Bureau Publishes 2023 OTC ISIN Consultation Paper
DSB encourages industry to respond before 31 May 2023, with opportunity for market feedback to be included in 2024 workstreams
London, 3rd May 2023 – The Derivatives Service Bureau (DSB), the golden global source of reference data for Over-the-Counter (OTC) derivatives, has published the 2023 industry consultation paper related to the 2024 OTC International Securities Identification Number (ISIN) and Classification Financial Instrument code (CFI) service provision.
The DSB provided stakeholders with notice of the consultation timeline in March this year to ensure sufficient time to plan and align resources for participation, and has now published the consultation paper for industry views. Stakeholders have until 31 May 2023 to respond, with market participants encouraged to contribute to the continued evolution of the service by providing feedback on topics of interest to them.
The consultation paper will focus on the next steps for the Security Operations Centre investigated as part of the 2022 industry consultation. It will also look at the Proprietary Index workflow and any industry suggestions for improvement. A review of proposed changes to the release process is another topic raised in the consultation, as well as the Search Only API User Type Fee determination based on the infrastructure and support costs for programmatic connectivity.
As with previous years, the consultation aims to ensure that the DSB develops aspects of the service that users find the most valuable. It is vital in shaping the DSB’s service in accordance with market participant requirements. The Final Report will be published on 30 June 2023 and the full timeline can be found on the DSB website.[1]
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “We welcome industry participation to help shape the DSB services. The consultation, alongside the DSB’s outreach initiatives and market education efforts, is designed to ensure that the DSB can effectively serve its users and adapt to an evolving market. We encourage those who can to sign up for our explanatory webinar, where we hope to address any questions on the consultation.”
The webinar will be held at 2pm UTC (3pm UK, 4pm CEST, 10am EST) on Tuesday 9th May 2023. All participants are welcome and will need to register at the following link:
https://us06web.zoom.us/webinar/register/WN_c9k8z88ASSiRlC4NVMo2pA
For more information about how to get involved with the consultation process, please contact us via industry_consultation@anna-dsb.com.
All other questions can be directed to secretariat@anna-dsb.com.
[1] https://www.anna-dsb.com/2024-otc-isin-and-cfi-service-provision-consultation/
ENDS
Media contact for DSB
Charlotte Wilson
Streets Consulting
+44 (0)20 8187 8324
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
