The Association of National Numbering Agencies appoints new Director Confirmed at ANNA’s General Meeting, London, 15th & 16th June 2023
London, 21st June 2023 – The Association of National Numbering Agencies, ANNA, a global association…
London, UK – The Association of National Numbering Agencies (ANNA) today announced that the funding to complete development and support initial operations of the Derivatives Service Bureau (DSB) has been secured. The investors are four organizations representing some of the largest and longest established National Numbering Agencies, which are also founding members of ANNA.
“We are pleased and honored that these organizations, which have already been hugely supportive of the globalization of ISO financial standards through their own numbering agencies, have made the decision to support the DSB and its critical role as the first global numbering agency extending ISO standards into the realm of OTC derivatives,” said Dan Kuhnel, chairman of the ANNA board of directors. “Their investments will ensure that the DSB continues to meet its milestones toward production, industry implementation and provision of OTC identifiers for regulatory reporting in time for the start of MiFID II on 3 January 2018.”
The four investors are as follows:
The completion of funding enables the appointment of the board of directors of the DSB. Six board members will be appointed by ANNA, and each of the four additional investors will appoint a board member. To maintain compliance with ANNA’s ISO obligations as a Registration Authority, ANNA board members will be responsible for direction of the core numbering agency functions of the DSB – the creation of new International Securities Identification Numbers (ISINs) for OTC derivatives, and maintenance and user access to the archive of OTC identifiers and reference data. They will work directly with the DSB Product Committee in governing the ongoing development of the ISIN for OTC derivatives, as well as ratifying the OTC ISIN definitions for the relevant derivative products. In addition, they will oversee related connectivity, cost-recovery, fee model, and conditions of use.
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 ANNA
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