The Derivatives Service Bureau calls for industry input on OTC Derivative Identifier Services
Upcoming DSB consultation seeks stakeholder views on the evolution of OTC ISIN, UPI and CFI Services
London, 4th April 2024 – The Derivatives Service Bureau (DSB), the golden source of reference data for Over-the-Counter (OTC) derivatives, has released the schedule for the 2024 industry consultation relating to the OTC International Securities Identification Number (ISIN), Unique Product Identifier (UPI) and Classification Financial Instrument (CFI) service provisions.
The DSB annual industry consultation plays a vital role in shaping the DSB’s services. Stakeholders are encouraged to participate to ensure a broad range of views are considered, so the DSB can continue to meet the needs of its user community.
Consistent with previous years, timings are being communicated in advance to give market participants sufficient notice to respond. The consultation paper will be published on 30 April 2024, and the industry will have until 31 May 2024 to submit responses. The Final Report will be published on 16 July 2024. The full timeline can be found on the DSB website.
The consultation supports the development of DSB services by focussing on aspects of its services that users have highlighted for development consideration and optimisation, or to address evolving market practices and technological advances. For the first time, this year’s consultation will include the new UPI services, which is particularly relevant as G20 regulatory reporting mandates go live throughout 2024 and 2025.
Key topics that will be covered include:
- User type functionality, including intermediaries
- The Traded on a Trading Venue (ToTV) Service
- Fair cost apportionment across service provisions
The DSB continues to uphold the development and adoption of OTC derivative identifier standards that promote market interoperability through the work of the DSB Product Committee, the Technology Advisory Committee and the recently launched Governance Advisory Committee.
The consultation, in conjunction with the ongoing complementary work of the DSB industry representation groups, is designed to provide an opportunity for the DSB’s broad and varied user community to contribute, ensuring that services remain fit for purpose and evolve in line with the needs of the industry.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said
“We appreciate the ongoing engagement and collaboration of all stakeholders in shaping DSB Services. We recognize that evolving regulations and market developments place diverse demands on firms’ resources which is why we offer advance notice to the consultation milestones to facilitate valuable input from our stakeholders. Our commitment to providing global OTC derivative identifier standards and services that meet industry requirements remains a key focus for the DSB.”
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
Carmen Rey
Streets Consulting
+44 (0)20 7073 2649
carmen.rey@streetsconsulting.com / amanda.osullivan@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
