London, 27 July 2020 – 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 an extension of global participation in its technology forum, the Technology Advisory Committee (TAC). The DSB is inviting applicants to participate in the next term of the TAC which starts in October 2020, with an application deadline of Friday, 4th September.
The TAC was established to provide technical support to the DSB and is currently composed of twenty-seven members, most of which originate from banks, vendors, trade associations and wider OTC derivatives community. It meets in March and October for technology governance purposes, and more regularly in response to the wider and more urgent needs of the industry that arise through the DSB’s annual industry consultation process. In addition to the OTC ISIN, the TAC is extending its remit from October this year to cover matters relating to the Unique Product Identifier (UPI).
Up to ten new members will be brought onto the TAC, with applicants from Asia, the Middle East, Africa and South America particularly welcome. The DSB is expecting to expand the TAC with technologists from a broad spectrum of institution types, with expertise in infrastructure and cloud-based technology, workflows and cybersecurity. At the same time, a new TAC Chair will also be appointed for the next term.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “There is already considerable technical expertise and skill that sits behind the DSB’s TAC. This could be seen in the TAC’s responsiveness during COVID-19 and the seamless continuity of service and resilience of infrastructure and accessibility. The DSB’s call for additional technical expertise is partly designed to reflect the recent update of DSB TAC Charter which extends the TAC’s work to cover UPIs. It will also help further expand the range of geographic perspectives that shape the work of the DSB.”
Andy Hughes, a member of the DSB Management Team, said, “Over the last couple of years the TAC has been responding successfully to the data challenges the financial industry is having to deal with daily in the OTC derivatives markets. By extending our geographical technological expertise, the DSB TAC will continue to work with a team of pragmatic practitioners on data alignment to ensure the DSB continues to provide accurate data which is timely and relevant, critical to reducing risk, thereby enabling trading decisions to be more efficient.”
The first TAC meeting of the new term will commence on the 28th October 2020, and the new term will run for two calendar years. Applicants are requested to send a covering email to the TAC Secretariat (DSB.TAC@ANNA-DSB.com) and a copy of their CV. Please include confirmation that you have reviewed and accept the Competition Law Protocol, as documented in the TAC Charter.
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The Derivatives Service Bureau (DSB) Ltd
The Derivatives Service Bureau is a global numbering agency for OTC derivatives serving the needs of market participants through the allocation of International Securities Identification Numbers (ISINs), the Classification of Financial Instruments (CFI) and Financial Instrument Short Name (FISN), all globally recognised and adopted ISO standards for identifying, classifying and describing financial instruments. With an underlying technology platform that is built to support multiple taxonomies of definitions and descriptive data, as well as numbering in near-real-time, the DSB is motivated to bring greater transparency and integration within the OTC derivatives market, enabling institutional investors to standardise data and better control operational risk. Users can access the DSB through a web interface, by accessing data in daily update files or by direct integration to front-office systems for trading and order management.
The DSB is a legal subsidiary of the Association of National Numbering Agencies (ANNA). With widespread industry representation, expertise and collaboration at its core, the DSB’s history, pedigree and expertise are rooted in ANNA, with its broad experience and overview of handling both on and off-exchange ISINs for all asset classes. If you would like to use the Derivatives Service Bureau, please visit the DSB website.
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