Latest provisional OTC derivative product definitions also available for industry review
London, UK – The Derivatives Service Bureau today opened the DSB User Acceptance Testing (UAT) platform to the industry with a revised and updated set of product templates that are consistent with MiFID II requirements. The UAT platform is a functionally complete system that will provide near real-time allocation of International Securities Identification Numbers (ISINs) for OTC derivatives as well as generate additional attributes that are mandated by MiFID II, such as the Classification of Financial Instruments (CFI) and Financial Instrument Short Name (FISN) ISO standard values.
“We are delighted to make available the UAT platform for formal industry testing on time and within budget.” said Sassan Danesh of the management team of the DSB. “We remain confident of all our delivery milestones and look forward to assisting users to integrate with the DSB in preparation for go-live on 2 Oct 2017.”
The UAT platform provides DSB services via the web, file download and FIX. Through the web, all users can create and search for ISINs and their associated reference data. The same ISINs are also available via file download, while organizations accessing via FIX can also receive new ISINs automatically in real-time as they are created.
Simultaneously with the operation of the UAT platform, the DSB is also releasing the latest set of provisional product definitions, based on attributes on which the Product Committee has achieved consensus. This set provides the first detailed view of the ISIN attributes expected to go live in October 2017. Additional attributes may be added as the Product Committee achieves consensus on the need for their inclusion.
The UAT platform will be loaded with the provisional product definitions on the following schedule:
- 03 Apr: Rates
- 18 Apr: Credit
- 24 Apr: FX
- 02 May: Equity
- 08 May: Commodities
Users can register for UAT by sending an email addressed to firstname.lastname@example.org with “UAT Registration” in the subject line to receive a brief application form.
Additional information on user operational processes and the product definitions will be provided in the next scheduled DSB webinar on 10 April 2017 at 13:00 UTC (14:00 BST). To register for the webinar please send an email to email@example.com.
With UAT delivered, the DSB is now shifting focus to hardening the service – adding resiliency, capacity and performance to the system to ensure that production will meet the demands of the global OTC derivatives industry. Production launch remains on track for 2 October 2017.
About The Derivatives Service Bureau (DSB) Ltd
Headquartered in London, the DSB is a 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 OTC products are created. The ISIN is a globally recognized and adopted ISO standard for identifying 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 ANNA
+1 845 687-2222
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