The Derivatives Service Bureau Announce OTC ISIN and CFI Service Provision Consultation
London, 29th April, 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 annual OTC ISIN and CFI service provision consultation related to the 2023 service provision.
The OTC ISIN and CFI service consultation paper shaping the DSB activity for 2023, is published today on the DSB website. Industry will be able to respond until 5pm UTC on Monday 30 May, with the Final Report of the consultation delivered on Thursday 30 June 2022.
The OTC ISIN and CFI service-related consultation this year will focus on a number of topics, including remediation work following the detailed technical review of the DSB’s cloud infrastructure in 2021, enterprise-wide risk monitoring tools and enhancements to the DSB Graphical User Interface (GUI).
The DSB will also seek industry’s views on whether the DSB should continue to offer Virtual Private Networking connectivity as part of the cost recovery service and on the roll-out of the Client Onboarding and Support Platform (COSP) to OTC ISIN Users.
A DSB webinar on the OTC ISIN and CFI consultation is also taking place on Wednesday 11 May, where details of this year’s consultation will be discussed. Any industry participants who would like to participate can register using the following DSB webinar link.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “The annual industry consultation is instrumental in shaping an operating model that helps bring efficiency and harmonisation to the market. Collaboration with stakeholders remains at the core of DSB principles, and we value all feedback provided through the consultation process and via our industry representation groups.”
Media contact for the DSB
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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.