London, 22 May 2025 – We are proud to announce that the Derivatives Service Bureau (DSB) has won ‘Best Reference Data Service’ at the WatersTechnology Asia Awards 2025. These awards recognise excellence in the deployment and management of financial information and technology within Asia’s capital markets community.
The Derivatives Service Bureau (DSB) has been acknowledged for its delivery and implementation of the Unique Product Identifier (UPI) Service for over-the-counter (OTC) derivatives. Aligning with G20 commitments which called for greater transparency within OTC derivatives markets after the financial crisis, the UPI enables regulators to understand the build-up of systemic risks by identifying the OTC derivative at an underlying product level.
The UPI Service creates and issues the G20-endorsed identifier which is reported to trade repositories to strengthen regulatory oversight in the OTC derivatives market. The DSB, designated as the sole service provider by the Financial Stability Board, worked in close collaboration with regulatory authorities and industry participants to launch a service that integrated seamlessly with existing workflows. UPI reporting commenced in 2024 with APAC regions Australia and Singapore implementing UPI on 21 October 2024 and Japan on 7 April 2025. Hong Kong and Korea will implement later in 2025.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, ‘The DSB is honoured to be recognised at the WatersTechnology Asia Awards 2025 for the delivery of the UPI Service. This achievement marks our efforts to strengthen the financial ecosystem globally through tailoring the UPI system to meet the unique needs of diverse markets.’
ENDS
Media contacts
Carmen Rey, Amanda O’Sullivan – Streets Consulting
carmen.rey@streetsconsulting.com / amanda.osullivan@streetsconsulting.com
+44 (0)207073 2649
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 1,900 organisations spanning over 40 jurisdictions, 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.
About ANNA
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.
