DSB operates on a cost recovery basis where annual user fees recover the Total DSB Costs. Annual user fees are derived using a fee model calculation which comprises the variables Total DSB Cost, Number of Infrequent Users, Number of Standard Users and Number of Power Users fixed no later than the end of the first Working Day in December each year, as per the DSB Charges Policy.
2020 Fee Model Variables:
The DSB currently provides access to OTC ISIN data for more than 470 organisations, across 33 jurisdictions, of which 70% consume the data free of charge. Fee paying user numbers have remained broadly stable since December 2018, with 122 fee paying users in December 2019.
Moving into its third year of operations, the DSB 2020 Total DSB Cost Forecast reflects the normal and expected yearly adjustments such as inflation, as well as uplift related to industry approved services from 2019 such as a second UAT environment which includes the related ongoing maintenance and operational costs, additional capital expenditure amortization costs which remain in line with forecasts, support for stakeholder education activities to continue the commitment to data alignment and workflow efficiency, as well as additional research and analysis requested by industry during the annual consultation process.
|Fee Variable||2020 Value as at 2 Dec 2019||Values as at 31st Mar 2020||Values as at 30th Jun 2020|
|Total DSB Cost Forecast||€10.16m||€10.16m||€10.16m|
|Number of Infrequent Users||37||41||41|
|Number of Standard Users||12||12||12|
|Number of Power Users||73||74||75|
2020 Total DSB Cost Forecast
Annual user fees recover the DSB overhead costs. The tables below show the breakdown of the 2020 Total DSB Cost Forecast upon which the 2020 annual user fees were calculated.
Excess revenues resulting from additional contracts and operating cost efficiencies go to defraying the Total DSB Cost Forecast for the next contract year. Costs include a 20% margin for financial sustainability:
|Technology & Operations||Operation of the DSB platform including technical and asset class support||€7,109K|
|Management||Senior management team including MD, MSP management team and CFO||€975K|
|Administration||Administrative costs and overheads such as office space, travel and expenses and administrative support functions||€894K|
|External consultants||External oversight, legal, professional & stakeholder outreach||€555K|
|Excess Fee Income||Reflects the budget reduction based on the DSB Statutory Accounts 2018||-€1,108K|
|Build Costs / Capex||Amortization of build costs 2016-2019||€1,498K|
|Financing costs||Start-up loan interest costs repaid over 4 years||€240K|
2019 Fee Model Variables:
|Fee Variable||2019 Value as at 3 Dec 2018||Values as at 31st Mar 2019||Values as at 30th Jun 2019||Values as at 30th Sep 2019|
|Total DSB Cost Forecast||€9.14m||€9.14m||€9.14m||€9.14m|
|Number of Infrequent Users||29||32||34||37|
|Number of Standard Users||12||12||12||12|
|Number of Power Users||73||74||75||75|
2018 Fee Model Variables:
|Fee Variable||2018 Value as at 5 Jan 2018|
|Total DSB Cost Forecast||€9.2m|
|Number of Infrequent Users||15|
|Number of Standard Users||10|
|Number of Power Users||78|