07.16.2024

Derivatives Service Bureau Issues Consultation Report

07.16.2024
Derivatives Service Bureau Issues Consultation Report

The Derivatives Service Bureau (DSB), the golden global source of reference data for Over-the-Counter (OTC) derivatives, has published the Industry Consultation Final Report relating to the OTC International Securities Identification Number (ISIN), the Classification Financial Instrument code (CFI) and the UPI service provision.

The industry consultation process complements the ongoing work of the DSB’s industry representation groups (IRG) and enables stakeholders and market participants to contribute towards the evolution of the DSB service by providing feedback on specific topics. For the first time, this year’s consultation includes the new UPI Service, which is particularly pertinent as G20 regulatory reporting mandates take effect throughout 2024 and 2025.

The Final Report summarises the feedback from industry and the IRGs on topics including proposed enhancements for automation of existing processes and tooling with regards to Data Leakage Prevention, Data Classification and Data Labelling and moving forward with a combined Governance, Risk & Compliance and Third-party Risk Management tool. The Final Report also provides insight on the next actions for creation of an equitable set of terms and fee model for intermediaries for all User Types and changes regarding the provision of the UPI as part of the OTC ISIN Service. Additionally, the next steps are outlined on the TOTV Service as a part of cost recovery, and the continuation of the Global Agile Architecture programme of work.

Emma Kalliomaki, Managing Director of ANNA and the DSB, said: “We would like to extend our gratitude to the industry for their participation in this year’s consultation. Stakeholder feedback is vital in understanding the industry’s drive for change across functionality, user types, fair cost apportionment, and the overall delivery of services that best serve evolving requirements”.

You can read the Final Report on the DSB website:

https://www.anna-dsb.com/download/dsb-2025-final-consultation-report/

For more information about how to get involved with the consultation process and industry engagement, please contact the DSB via industry_consultation@anna-dsb.com.

All other questions can be directed to secretariat@anna-dsb.com

Source: DSB

 

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