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Derivatives Service Bureau opens its 2019 Consultation

Source: Derivatives Servie Bureau

The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), for OTC derivatives, has today announced it has opened its 2019 consultation.

The consultation is seeking responses from both direct and indirect users of the DSB on a series of questions regarding the DSB’s service and functionality. The consultation will take place in two parts with the purpose of the first consultation allowing the DSB to understand the items which are deemed most valuable for further evaluation in the second phase. The key themes this year will focus on soliciting industry feedback on aspects around operations such as data submission enhancements, services (e.g. data flow rationalisation), technical (e.g. infrastructure and workflows) and legal aspects including feedback from the fee survey and/or from the user agreement forum.

Serving over 420 institutions, the DSB launched its production service with 83 product definition templates available for use, expanded to 87 product definitions by year ending 2018, added a further 6 templates in Q1 2019 and has received Product Committee approval for the introduction of at least 3 additional instruments in Q3 2019. Such developments allow the DSB to remain aligned with product evolution in the OTC derivative markets - with expansion at direct user request.

Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “It is critical we hear from our broad spectrum of users and as such we are asking as many organisations to get involved in the consultation process as possible - from both direct and indirect users. We would encourage everyone to make their voices heard and help frame the service provision for the coming year.”

Malavika Solanki, a member of the DSB Management Team, said, “The growing use of the DSB for purposes other than MiFID II has allowed the DSB to work with industry and provide a golden source for OTC derivative ISINs, CFI codes and other attributes contained in the OTC ISIN record. User feedback - through the consultation, the committees and other forums - has resulted in the provision of a variety of enhancements in the past year. Industry feedback has played a vital role in setting the pace for what the DSB should focus on and in helping to shape the DSB agenda.”

The consultation form is available on https://www.anna-dsb.com/download/2020-industry-consultation-paper-1/ and will run until 5pm UTC on the 5th June 2019, with feedback to be supplied to industry_consultation@anna-dsb.com.

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