The Derivatives Service Bureau Calls for Participation in Technology Advisory Committee
London, 9th August 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 it is seeking additional members to join the DSB’s Technology Advisory Committee (TAC). The DSB is inviting applicants to participate in the next term of the TAC which starts in October 2022, with an application deadline of 20th September.
The TAC was established in 2018 to provide advisory support to the DSB in recognition of required enhancements and adaptations of its technology base and services to address these changes in a timely fashion. The TAC is comprised of representatives from DSB user organisations, independent experts and regulatory observers within the wider OTC derivatives community and its remit includes matters relating to the OTC ISIN and the forthcoming Unique Product Identifier (UPI) Services.
The DSB welcomes membership applications from OTC-derivatives technology practitioners from a broad spectrum of institution types to contribute to technology governance matters, as well as respond to industry needs that arise through the DSB’s annual industry consultation process. Membership is open to all regions, with applicants from Asia, the Middle East, Africa and South America particularly welcome.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “The TAC plays a critical role in defining the DSB’s technology roadmap. It is through open engagement, discussion and collaboration with the industry that we ensure the DSB technology strategy remains aligned with the needs of the markets it serves. Because of this, it is important that we have a broad spectrum of members from across the industry contributing to the TAC.”
For more information about the TAC, including previous meeting agendas and minutes, please visit the DSB’s website. Applicants are requested to send a covering email to the TAC Secretariat (DSB.TAC@ANNA-DSB.com), a copy of their CV and confirmation that the TAC Charter has been reviewed and accepted, including the Competition Law Protocol.
Media contact for the DSB
+44 (0)20 7959 2235
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.