The Derivatives Service Bureau (DSB) is inviting industry experts to join its Product Committee (PC) responsible for overseeing the definitions and data requirements for allocation of OTC derivative identifiers.
PC advises the DSB on how to define, maintain, enhance and govern OTC derivative products. With the significant growth of the DSB’s user base, due to the launch of the UPI Service, it has become increasingly important to have broad and varied representation to ensure the DSB supports the breadth of products reported across jurisdictions.
Given the jurisdictions who have implemented the UPI in 2024, and the upcoming mandates in 2025, onboarding organizations are encouraged to consider applying to join the PC, with a specific focus on increasing representation in the APAC and Middle East regions. The PC will also benefit from the inclusion of a broader range of industry experts from different organization types and sizes.
In addition to addressing general product evolution and best practice guidance, current topics addressed by the PC and its sub-committees include representation of digital assets, improving coverage for underlying indices, and providing guidance on the usage of non-standard product templates.
Emma Kalliomaki, managing director of the Association of National Numbering Agencies (ANNA) and the DSB, said in a statement: “Our Product Committee members provide huge benefit to the DSB and our stakeholders through their active engagement and expertise. As OTC derivative markets evolve, and international standards are embedded across new jurisdictions, the PC is integral to ensuring alignment with market practices and developing best practice guidance. We welcome applications from implementing jurisdictions to reflect the growth of the DSB user community.”