The Derivatives Service Bureau reports industry consultation results
July 5, 2019

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 (over-the-counter) derivatives, has today announced the results from its first consultation of 2019, and the opening of its second consultation aimed to shape the DSB service provision for 2020.

The first consultation closed on June 5, and sought responses on a series of questions regarding the DSB's service and functionality from both direct and indirect users of the DSB. A total of 15 responses were received representing 19 institutions and included responses from six trade associations which is double the number from the previous consultation.

Of the 25 user-driven questions put forward to industry, five were dismissed as not of interest to broader industry participants, and ten are proposed to be taken forward by the DSB on a business as usual basis, with no impact on current costs. Included in those to be taken forward on a business as usual basis are the grouping of underlying data sources used by the DSB to be expanded, as well as highlighting specific aspects that they wish to see the DSB focus on as part of its ongoing data review activity.

A further ten questions from the first consultation require further industry feedback and investigation and will be included on the second consultation which will run until July 29. Some of these items include providing support for DSB/MiFID II taxonomy mapping, leveraging the ISIN-LEI service to provide the LEI and other supplemental data, and a focus on cybersecurity.

Emma Kalliomaki, Managing Director of ANNA and the DSB, said: "We are grateful for the industry engagement and responses from the first consultation, which were considered and thoughtful. As part of this feedback, we are focusing on creating a line of segmentation between what we can bring forward as business as usual with no cost impact to users, and other, new areas of work at the direct request of the industry."

Malavika Solanki, a member of the DSB Management Team, said: "The ideas put forward in the first consultation were the direct result of the relationships and ongoing dialogue the DSB has had with the industry during the first part of 2019, and we look forward to continuing to build on those relationships moving into the second half of the year.

"As a result of this collaborative approach, the DSB is not only looking at how to improve its current offering, but also at what new use cases it can bring forward such as providing additional data to support OTC derivative workflows."





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across globalcustody.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

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 (over-the-counter) derivatives, has today announced the results from its first consultation of 2019, and the opening of its second consultation aimed to shape the DSB service provision for 2020.

The first consultation closed on June 5, and sought responses on a series of questions regarding the DSB's service and functionality from both direct and indirect users of the DSB. A total of 15 responses were received representing 19 institutions and included responses from six trade associations which is double the number from the previous consultation.

Of the 25 user-driven questions put forward to industry, five were dismissed as not of interest to broader industry participants, and ten are proposed to be taken forward by the DSB on a business as usual basis, with no impact on current costs. Included in those to be taken forward on a business as usual basis are the grouping of underlying data sources used by the DSB to be expanded, as well as highlighting specific aspects that they wish to see the DSB focus on as part of its ongoing data review activity.

A further ten questions from the first consultation require further industry feedback and investigation and will be included on the second consultation which will run until July 29. Some of these items include providing support for DSB/MiFID II taxonomy mapping, leveraging the ISIN-LEI service to provide the LEI and other supplemental data, and a focus on cybersecurity.

Emma Kalliomaki, Managing Director of ANNA and the DSB, said: "We are grateful for the industry engagement and responses from the first consultation, which were considered and thoughtful. As part of this feedback, we are focusing on creating a line of segmentation between what we can bring forward as business as usual with no cost impact to users, and other, new areas of work at the direct request of the industry."

Malavika Solanki, a member of the DSB Management Team, said: "The ideas put forward in the first consultation were the direct result of the relationships and ongoing dialogue the DSB has had with the industry during the first part of 2019, and we look forward to continuing to build on those relationships moving into the second half of the year.

"As a result of this collaborative approach, the DSB is not only looking at how to improve its current offering, but also at what new use cases it can bring forward such as providing additional data to support OTC derivative workflows."



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site