The Derivatives Service Bureau (DSB) announced the annual OTC ISIN and CFI service provision consultation related to the 2023 service provision. DSB was 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 derivatives.
The OTC ISIN and CFI service-related consultation this year will focus on a number of topics, including remediation work following the detailed technical review of the DSB’s cloud infrastructure in 2021, enterprise-wide risk monitoring tools and enhancements to the DSB Graphical User Interface (GUI).
The DSB will also seek industry’s views on whether the DSB should continue to offer Virtual Private Networking connectivity as part of the cost recovery service and on the roll-out of the Client Onboarding and Support Platform (COSP) to OTC ISIN Users.
Emma Kalliomaki, managing director of ANNA and the DSB, said in a statement, “The annual industry consultation is instrumental in shaping an operating model that helps bring efficiency and harmonization to the market. Collaboration with stakeholders remains at the core of DSB principles, and we value all feedback provided through the consultation process and via our industry representation groups.”
In a separate announcement, DSB and Etrading made a joint submission to the EU on a consolidated tape for OTC derivatives, noting that: “By streamlining the market data infrastructure within Europe, industry would benefit from the knock-on impact in terms of lowered market data costs.”