DSB Integrates the Unique Product Identifier into the OTC ISIN UAT Environment
in preparation for the UPI production launch on 16 October 2023
London, 17th July 2023 – The Derivatives Service Bureau (DSB), the global golden source of reference data for Over the Counter (OTC) derivatives, today announces the extension of UPI User Acceptance Testing (UAT) into the OTC ISIN UAT environment, enabling OTC ISIN users to commence testing combined OTC ISIN and UPI workflows.
Following the release of the stand-alone UPI UAT environment on 17 April 2023, from today users of the OTC ISIN UAT environment can develop and test changes to their systems to incorporate the UPI as part of the OTC ISIN record, ahead of production release in October.
As part of the release, a new process has commenced to update the existing OTC ISIN test records in the UAT environment with their parent UPI. Users have the opportunity to consume the updates from this process for testing purposes. The DSB will also perform the UPI pre-population process when the UPI Service is launched in the Production Environment on 16 October 2023. Further documentation describing the pre-population process is available on the DSB website.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “Given the reporting requirements in EU and UK, which require reporting of OTC ISIN or UPI dependent on scope, the availability of the combined UPI and OTC ISIN data in UAT should further assist firms with their readiness for the forthcoming compliance dates. It is great that firms are already taking advantage of UAT and encourage more to make the most of the benefits it can bring to planning and implementation.”
In the Client Onboarding and Support Platform (COSP), used for the UPI onboarding process, users can add affiliates as well as generate and download an auto-populated UPI Subscription Form for legal teams to review. This also applies to users who can meet their UPI requirements through using their OTC ISIN Service needing to obtain an equivalent, or greater, UPI agreement.
Legal documentation, connectivity specifications and UPI Product Templates, as well as a UPI User Guide and FAQ are readily available on the DSB website, please do follow the link: https://www.anna-dsb.com/upi/.
Media contact for DSB
The Derivatives Service Bureau (DSB) Ltd
The Derivatives Service Bureau, DSB, is the global golden source of reference data for Over the Counter (OTC) derivatives. Serving over 4,000 users spanning approximately 500 institutions, the DSB enables market participants to meet their regulatory reporting obligations to trade repositories, and for post- trade transparency and market abuse reporting related to MiFID II. A global utility with widespread industry representation, expertise and collaboration at its core, the DSB provides its reference data on a cost-recovery basis to increase transparency, efficiencies and interoperability through the use of standards. Users can access the DSB’s automated zero-touch technology platform through an open and easily accessible web interface that can handle multiple taxonomies of definitions and descriptive data for near real-time allocation.
Founded by the Association of National Numbering Agencies, ANNA, the DSB is the sole source of multiple ISO standards for OTC derivatives, including International Securities Identification Numbers (ISINs), Unique Product Identifiers (UPIs), Classification of Financial Instruments Codes (CFIs) and Financial Instrument Short Names (FISNs). In addition to its ISO mandates, the DSB has been nominated by the Financial Stability Board of the G20 to be the exclusive global operator of the UPI Service. This service will enable authorities to aggregate data on OTC derivatives transactions by product or by any UPI reference data element. 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