The Derivatives Service Bureau Publishes 2023 OTC ISIN Consultation Report
Further evolution of the service in the coming months
London, 30th June 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 Final Report today related to the 2024 OTC International Securities Identification Number (ISIN) and Classification Financial Instrument code (CFI) service provision.
The industry consultation process enables stakeholders and market participants to contribute towards the evolution of the DSB service by providing feedback on topics of interest. The Final Report summarises the feedback on the approach for the introduction of a Security Operations Centre and provides insight into industry perspectives on the implementation of a revised Release Process and Proprietary Index Workflow. Additionally, the Report outlines details on support for increasing the Search-Only API User fees to reflect the larger infrastructure and costs required for API functionality.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “We would like to thank industry for their participation in the consultation, and have been encouraged by the increase in the number of responses this year. Stakeholder feedback is instrumental in understanding industry appetite for change as well as highlighting areas of interest for future consideration.”
You can read the Final Report on the DSB website: https://www.anna-dsb.com/download/dsb-2024-final-consultation-report/
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.
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
