DSB Opens Product Committee to Custodians, Data Vendors

Blog entry

The Derivatives Service Bureau (DSB), founded by the Association of Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs) for OTC Derivatives, is looking to expand its committee to include custodians and data vendors in 2019.

It is now inviting applications to participate in its Product Committee from January 8th as part of a scheme to encourage broader industry representation beyond the existing buy-side, sell-side and trading venues membership it has. The result would be to increase the number of voting members from 9 to 15. Participation is also open to trade associations as non-voting members.

The Product Committee discussion will move in 2019 from developing ISIN products and defining product templates, to solving additional OTC Derivative ISIN use cases and examining the introduction of hierarchies, as well as discussions on what to prioritise. The membership expansion follows previous calls from the industry to be involved in developing the DSB ISINs Road Map.

“Working successfully with industry over the past eighteen months, the DSB has produced a fully automated open and easily accessible near-real-time allocation of ISINs for 82 product templates,” said Malavika Solanki, a member of the DSB Management Team, who spoke this week at our A-Team Group TradingTech Briefing entitled “MiFID II: Interacting with the New Market Structure” in London on Tuesday. “By expanding the composition and structure of the Product Committee and including trade associations in discussions, the DSB can continue to remain agile and flexible as industry’s use of the DSB service evolves.”

“Having broader industry participation on the Product Committee to discuss the best possible ISIN creation and use will only serve to bring greater transparency and efficiency to the OTC derivatives market,” added Emma Kalliomaki, Managing Director of ANNA and the DSB.

The new Committee will be announced on December 4th 2018. Interested parties have until November 2nd to submit their applications.