DSB aims to ensure industry readiness in light of market and regulatory developments
London, 3rd March 2022 – 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 the timeline for the 2022 industry consultation related to the 2023 OTC ISIN and CFI service provision.
The annual industry consultation is critical in shaping the DSB’s operating model. In providing advance notice of the consultation, the DSB is seeking to provide market participants with sufficient time to aid planning and resource alignment where necessary.
The DSB encourages all market participants that utilise or report OTC ISINs, CFI codes, and FISNs who will need to incorporate any service changes into their workflows, to review and respond to the consultation, so that a broad spectrum of views can be reflected in the service that is introduced in 2023.
The OTC ISIN consultation paper will be published on 29th April, and industry will be able to respond until 5pm UTC on 30th May. The final results of the consultation will be published on 30th June. The full timeline is available on the DSB’s website.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “We are grateful to stakeholders for continued engagement and collaboration to shape the best OTC ISIN solution for the market. Given the varying demands on firms’ resources due to market and regulatory developments, it is essential to provide advance notice to enable firms to accommodate providing input.”
As with prior years, the purpose of the consultation is to ensure that the DSB focuses its attention on the areas users consider most helpful. The consultation approach, together with the DSB’s industry outreach and market education efforts, are aimed at ensuring the DSB can continue to best serve its users in a rapidly evolving landscape. The DSB also continues to work to find further efficiencies and alignment of market practices, through the work in the Product Committee and Technology Advisory Committee.
For more information about how to get involved with the consultation process, please contact us via firstname.lastname@example.org.
All other questions can be directed to email@example.com.
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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.