Feedback on OTC ISIN attributes sought for MiFID II reporting and planned UPI
London, UK – The Product Committee of the Derivatives Service Bureau today opened its second industry consultation with the publication of the consultation paper which uses the example of a specific swap product to define in principle the relevant International Securities Identification Number (ISIN). Comments and feedback are solicited by the DSB Product Committee, an industry group responsible for developing and ratifying ISIN definitions for OTC derivatives products.
The paper, which presents a proposed structure of attributes for the Fixed Float Plain Vanilla Interest Rate Swap Product Definition, raises questions in four areas as follows:
- Adequacy or appropriateness of the proposed definition structure
- Potential usefulness or requirement for additional attributes
- Correlation with the work of CPMI-IOSCO in development of the Unique Product Identifier standard for OTC derivatives
- Impact of the definition of Tradeable on a Trading Venue (ToTV) and Underlier Tradeable on a Trading Venue (uToTV)on the ISIN granularity
The consultation paper is available for download at the DSB PC Consultation – 2 page on the website of the Association for National Numbering Agencies.
The consultation period will extend to 12 May 2017, the deadline for submission of comments and feedback to secretariat@ANNA-DSB.com. Responses with be published with attribution of respondents unless anonymity is requested.
After considerations of industry response, the DSB product committee will publish a final report on this consultation.
About The Derivatives Service Bureau (DSB) Ltd
Headquartered in London, the DSB is a legal subsidiary of ANNA. 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.
More detailed information on the DSB and its development path can be found in the DSB section and related pages, as well as recent announcements at the ANNA website.
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.
Kathleen Hawk for the Derivatives Service Bureau
+1 845 687-2222
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