UPI Fees & Rules 2023

VIEW THE 2023 DSB MAIN TERMS AND POLICIES

The DSB has a Common Agreement across the OTC ISIN Service and the UPI Service. A service specific Subscription Form is executed between the User and the DSB, consisting of the Subscription details, and reference to the Main Terms and the Policies.

Summary of Amendments

2023 Main Terms and Policies

User Fee and User Agreement Consultations

UPI FEE MODEL

The below table shows the annual fee and access available per UPI User Type.

Click below for more detail on the UPI Fee Model Variables and Annual User Fee Update.

	REGISTERED FREE	INFREQUENT €1,000 per Invoicing Period	STANDARD €21,164 per Invoicing Period	SEARCH ONLY API €15,873 * per Invoicing Period	POWER €63,491 per Invoicing Period	POWER & INTERMEDIARY €63,491 per Invoicing Period	INTERMEDIARY FREE End Users required to have a Search Only API or Power licence
Web Access
Real-time search for UPIs by identifier	✓	✓	✓	✓	✓	✓	✓
Real-time search for UPIs by attributes	✓	✓	✓	✓	✓	✓	✓
Maximum records returned per search	5	5	50	50	500	500	End User limits apply
Create new UPIs	✕	✓	✓	✕	✓	✓	✓
Maximum new UPIs	✕	12 per invoicing period	600 per invoicing period	✕	6,000 per week	6,000 per week	End User limits apply
File Download
Access to UPI & product attributes archive	End of day T+1	End of day	End of day	End of day	End of day	End of day	End of day
Programmatic Access (FIX API & ReST API)
Create new UPIs	✕	✕	✕	✕	✓	✓	✓
Search for attributes by UPI	✕	✕	✕	✓	✓	✓	✓
Subscribe to today’s UPIs	✕	✕	✕	✓	✓	✓	✓
Retrieve UPI record by Attribute	✕	✕	✕	✓	✓	✓	✓
Retrieve UPI record by UPI	✕	✕	✕	✓	✓	✓	✓
Maximum of API connections	✕	✕	✕	2	10	10	End User limits apply
Maximum search requests a week	✕	✕	✕	250	12,500	12,500	End User limits apply
Maximum creates a week	✕	✕	✕	✕	6,000	6,000	End User limits apply
Client Onboarding & Support Platform (COSP)
Onboarding Overview	✕	GUI User	GUI User	API User	API User	API User	Intermediary User
Maximum COSP Administrators	✕	2	5	5	10	10	5

More Information

Invoicing Period as defined in the Main Terms
Fees shown are exclusive of VAT
DSB operates on a cost recovery basis. Annual user fees are derived using a fee model calculation
Users are able to upgrade their connectivity status at any time
DSB Position on Permitted Use of Data by Intermediaries and Third Party Service Providers
* The Search-only API Fee will equal 1/3 of the Power User Fee for the 2025 Invoicing Period.

FEE MODEL: PRINCIPLES

Cost Recovery

The numbering agency services will be provided on a cost-recovery basis.

Unrestricted Data

DSB ISINs and their associated data will have no licensing restrictions on usage and distribution.

Open Access

Access to the DSB archive for consumption of OTC Derivative UPIs and associated reference data will be available to all registered organisations and users.

Payment in Advance

To the extent possible the DSB will levy fees through annual contracts that require payment in advance, in order to provide clarity in aligning fee levels with cost recovery.