Fee Model Industry Feedback

2018 Consultation

Two industry consultations throughout May - August 2018 addressed changes to DSB service levels, DSB User fees and DSB User Agreement in 2019.

2017 Consultations

Two industry consultations throughout January - May 2017 addressed the proposed fee model for the numbering agency services of the ANNA Derivatives Service Bureau.

Consultation Paper Key themes

• Strong support for principle of free and unrestricted access
• Requests for a simplified, multi-asset class model
• Merge the concept of ISIN users and ISIN creators – equitable distribution of fees
• Requirement to address the needs of infrequent users
• Fee model based on timeliness of access to data
• Governance on costs and cost management
• Re-evaluation of the fee model following data capture from a full year of production activity
• Intermediary effect – end users to sign User Agreement & pay appropriate fee
• Excess fee redistribution – Use of excess revenue to offset subsequent years’ fee