Derivatives Service Bureau (DSB), wins ‘Best Reference Data Newcomer’ at the Waters Technology Inside Market Data & Inside Reference Data Awards 2024
London, 23rd May 2024 – We are pleased to announce that the Derivatives Service Bureau (DSB), has won ‘Best Reference Data Newcomer’ at the Waters Technology Inside Market Data & Inside Reference Data Awards 2024. This award recognises the DSB for the successful launch of the new global Unique Product Identifier (UPI) Service. The UPI has been created to streamline the comprehensive aggregation of over-the-counter (OTC) derivatives products worldwide and advance global systemic risk monitoring in OTC derivatives markets.
The UPI brings to fruition G20 commitments made following the financial crisis to uniquely identify products involved in OTC derivatives transactions and report them to trade repositories. The UPI aligns with new reporting requirements being introduced in several jurisdictions throughout 2024 and 2025 which require firms to integrate the UPI into their reporting workflows.
The DSB was designated as the sole service provider of the UPI by the Financial Stability Board in 2019 and worked with stakeholders to develop the UPI Service which went live on 16 October 2023. With a view to optimise user experience, the DSB also developed a scalable Client Onboarding and Support Platform (known as the ‘COSP’) which is an online, self-service platform enabling efficient UPI subscription, onboarding and connectivity to the UPI Service.
More information on the UPI service can be found here.
With responsibility for both the OTC derivatives International Securities Identification Number (ISIN) and the UPI Services, the DSB remains dedicated to delivering solutions that foster interoperability, data alignment and harmonisation.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “The DSB is delighted to receive this award. The launch of the UPI represents the culmination of extensive and ongoing international collaboration across industry participants, regulators and other standards bodies. We remain committed to working with global stakeholders to continue the development of all identifier services that enhance data quality and interoperability by leveraging international standards”.
ENDS
Media contacts
Carmen Rey, Amanda O’Sullivan – Streets Consulting
carmen.rey@streetsconsulting.com / amanda.osullivan@streetsconsulting.com
+44 (0)207073 2649
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
