Overseeing Definitions, Data Requirements and Taxonomies
The DSB Product Committee is an industry group that works beside the Board of the Derivatives Service Bureau. Continuing the work of the ISO study group tasked with defining the ISIN for OTC Derivatives, the Product Committee oversees the definitions of a broad range of OTC derivatives and how they translate into data requirements for allocation of these identifiers. They also support the development and inclusion of descriptive taxonomies used to identify OTC derivatives.
Minutes of the meetings for Product Committee (and various taskforces) can be found by selecting from the drop down on the right of this page.
The 2017/2018 Product Committee was comprised of a balanced group of experts from firms that are subject to the regulatory requirement to report OTC derivative transactions — buy-side, sell-side and trading venues. Following extensive industry consultation, the 2019/2020 Product Committee has been expanded from buy-side, sell-side and trading venues to also include two new categories – custodians and data vendors. In addition to these new categories, five trade associations will now be joining as non-voting members, to contribute to a balanced representation of asset class knowledge and geographical representation.
The product committee is also engaged in open industry consultations to determine parameters and direction of their work. More information on these consultations can be found, as they are launched, in the Consultation pages of this section.
For more information about the Product Committee, the Derivatives Service Bureau and the ISIN for OTC derivatives, please visit the News section on this website.