The Derivatives Service Bureau (DSB) is inviting industry experts to join the DSB Product Committee (PC), which has an existing membership that includes a diverse group of industry experts from the buy-side, sell-side, custodians, data vendors, trade repositories, trading venues and trade associations. Members are subject matter experts with OTC derivative asset class and workflow expertise, as well as providing geographical representation.
A key role of the PC’s work is to assist the DSB in specific industry developments in the OTC derivatives space. The Product Committee’s Charter was revised in 2021, expanding in remit to include the DSB’s work as the Unique Product Identifier (UPI) Service Provider. With the global UPI Service close to launching, the DSB is looking for new members to complement the existing expertise in OTC derivatives products and global standards. The PC continues to be well represented from the North American and European regions but also looks to increase representation from the Asia and Middle East regions.
The DSB Product Committee, via the Digital Asset Strategy Sub-Committee (DAS-SC), are discussing the implications of the emergence of digital assets on OTC derivatives, with the objective to agree an approach to a common methodology for the treatment of digital assets.
Emma Kalliomaki, managing director of ANNA and the DSB, said in a statement, “We are indebted to our Product Committee members, who are actively engaged and work hard to establish harmonization and data alignment for the global OTC derivatives market. The Product Committee has been key in DSB preparations for implementation of the UPI and, as the UPI launch date grows closer, they will be key to helping address data-related challenges and promote best practice for stakeholders.”