DSB TAC to commence its fourth charter term
London, 9 October 2024 – The Derivatives Service Bureau (DSB), the global golden source of reference data for OTC derivatives, today announced that the DSB’s Technology Advisory Committee (TAC) Charter is welcoming new applicants ahead of a new two (2) year term, with an application deadline of 23rd October.
Established in 2018, the TAC provides advisory support to the DSB in recognition of required enhancements and adaptations to its technology base and services. Working alongside the DSB Product and Governance Advisory Committees, the TAC is responsible for the technical stewardship ensuring the DSB technology strategy is aligned with the needs of the markets it serves, including making recommendations to the DSB Board on technology-related DSB industry consultation topics.
The TAC is composed of representatives from DSB user organisations, independent experts and regulatory observers within the wider OTC derivatives community and its remit includes matters relating to both the OTC International Securities Identification Number (ISIN) and the Unique Product Identifier (UPI) Services. The DSB invites applications from OTC-derivatives technology practitioners from across all jurisdictions and institutional types to contribute to DSB technical governance and development.
During previous charter terms, the TAC has focused on the DSB’s resiliency, including the DSB’s disaster recovery arrangements. A key development is the addition of a second “as-production” UAT environment, introduced to assist users with regression testing of their own IT changes against the DSB. The TAC has also launched specialist subcommittees with the Global Agile Architecture subcommittee having recently overseen the migration of the DSB’s infrastructure to a globally distributed data repository covering multiple locations in Europe and North America.
Andy Hughes, a member of the DSB Management Team and DDO of the TAC, said, “The collaboration with the TAC over the last charter term which helped shape UPI implementation and its integration into the OTC ISIN Service. This continued collaboration with the TAC members will be essential during this next charter term as the DSB expands into further global jurisdictional regions and adapts to changes in digital operations.”
Emma Kalliomaki, Managing Director of ANNA and the DSB added, “The TAC is instrumental in shaping the DSB technology roadmap. The technical expertise of the TAC continues to play a key part in the evolution of our services. The work of the DSB industry representation groups is highly valued and designed to ensure that all developments continue to best serve industry requirements.”
For more information about the TAC, including previous meeting agendas and minutes, please visit the DSB’s website. Applicants are requested to send a covering email to the TAC Secretariat (DSB.TAC@ANNA-DSB.com), a copy of their CV and confirmation that the TAC Charter has been reviewed and accepted, including the Competition Law Protocol.
ENDS
Media contacts for The DSB
Amanda O’Sullivan, Carmen Rey
Streets Consulting
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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.
