The Derivatives Service Bureau today released the second and final consultation paper regarding user fees and contracts for 2019. Industry feedback is sought on open topics including potential changes to user support services, service level agreements and resiliency, after some proposals in the first consultation were discarded due to industry feedback.
This second consultation opened the 28th June 2018, and will close at 5pm UTC on 27th July 2018, with a final consultation report to be published on 20th August 2018. A 90-minute webinar discussing the topics of this consultation will be held on Tuesday, 3rd July 2018 at 1pm UTC (14:00 BST, 13:00 CET, 09:00 EST). Registration is here.
The first consultation sought industry views on a broad range of topics arising from user feedback during the prior 12-month period, with this second consultation intended to summarize industry responses and set out further details, including next steps where additional feedback is sought.
“In the responses to the first consultation, some of the contrasting interests and needs of various user groups became apparent. In this second consultation, we are investigating these interests more deeply to determine the best path forward for the DSB and its users,” said Emma Kalliomaki, managing director of the DSB, adding that the newly formed Technology Advisory Committee would also provide guidance in matters related to infrastructure, connectivity and disaster recovery.
Key areas of investigation are the following:
- Revision of the user categories and fee model
- Changes to DSB functionality, including the provision of more market timeline adaptive template models and the setup of user forums to allow for collaborative discussions with industry
- Service levels, including time of operation, technical support, streaming thresholds and weekly caps
- Access and user agreement, including potential change to the terms of any differentiated agreement for intermediaries
The second consultation document includes a response form to be emailed to industry_consultation@anna-dsb.com. Any consultation-related queries should be emailed to the same address.
Connect with the DSB
All use of the Derivatives Service Bureau requires registration. To register and to obtain technical support, please email your request to technical.support@anna-DSB.com.
To obtain non-technical information on the DSB including information on product templates, to obtain the user agreement and related documentation, as well as to subscribe to the DSB updates by email, please send your request to secretariat@anna-DSB.com.
For detailed information on pricing and user categories, technical principles of the DSB, and information about the DSB product committee and its activities, please visit the DSB website.
About The Derivatives Service Bureau (DSB) Ltd
Headquartered in London, the DSB is a legal subsidiary of the Association of National Numbering Agencies. Its core purpose is to serve as a global numbering agency, providing unique identification of OTC derivatives to serve the needs of market participants and regulators through allocation of the International Securities Identification Number (ISIN), as well as the Classification of Financial Instruments (CFI) and Financial Instrument Short Name (FISN), as OTC products are created. The ISIN, CFI and FISN are globally recognized and adopted ISO standards for identifying and classifying financial instruments.
Please visit the DSB website, anna-dsb.com for more information about the DSB’s role and activities in meeting the identification requirements of financial markets.
About ANNA
Established in 1992 by 22 founding numbering agencies, ANNA is the membership organization of national numbering agencies, which are operated by depositories, exchanges, government agencies, nationally central data vendors and other financial infrastructure organizations. ANNA also serves as the registration authority for the ISIN and FISN standards, under appointment by the International Organization for Standardization (ISO).
Under ANNA’s stewardship, the role of the ISIN in enabling global financial communications has been established worldwide. ISINs are issued today more than 200 jurisdictions worldwide. In addition, ANNA is developing the Derivatives Service Bureau (DSB), a fully automated global numbering agency to meet the operational and regulatory requirements of the over-the-counter derivatives markets. The number of national numbering agencies and nations working to establish national numbering agencies continues to grow each year, now surpassing 120 jurisdictions globally. For information about ANNA, its members and activities, please visit anna-web.org.
