DSB publishes OTC ISIN consultation report
21 August 2018 London
Image: Shutterstock
There is a call for the London-headquartered Derivatives Service Bureau (DSB) to create additional use cases for International Securities Identification Numbers (ISIN) on over-the-counter (OTC) derivatives, according to the DSB Industry Consultation Report, August 2018.
The DSB said that it will be implementing changes to its own product committee, to ensure broader industry participation and engagement.
It said that these changes will be accompanied by further improved service levels. Heightened levels of service will see an increase in its hours of operation to 24 hours six and a half days a week, as well as the publication of monthly ISIN analytics, as the DSB continues to improve transparency and accountability.
The DSB said it has integrated industry feedback into the Consultation Report, which will be a benchmark for further ISIN development and DSB governance.
It added that the consultation questions were shared with all 373 organisations in its user community, alongside subscribers to the DSB updates, trade associations and other interested parties.
The DSB has also published a draft user agreement and associated policies, giving visibility over the draft changes and an opportunity to comment. It said a final version will be published on 20 September.
The DSB was founded by the Association of Numbering Agencies (ANNA).
Emma Kalliomaki, managing director of ANNA and the DSB, said: “We are listening intently to industry opinion, and for the most part, the sentiment has now shifted to exploring how to move forward with additional use cases to bring more ISIN efficiency that the industry needs.”
Malavika Solanki, a member of the DSB management team, said: "We base our decisions on the industry, and the industry is telling us that they want to get more involved, which is great news for us.”
The DSB said that it will be implementing changes to its own product committee, to ensure broader industry participation and engagement.
It said that these changes will be accompanied by further improved service levels. Heightened levels of service will see an increase in its hours of operation to 24 hours six and a half days a week, as well as the publication of monthly ISIN analytics, as the DSB continues to improve transparency and accountability.
The DSB said it has integrated industry feedback into the Consultation Report, which will be a benchmark for further ISIN development and DSB governance.
It added that the consultation questions were shared with all 373 organisations in its user community, alongside subscribers to the DSB updates, trade associations and other interested parties.
The DSB has also published a draft user agreement and associated policies, giving visibility over the draft changes and an opportunity to comment. It said a final version will be published on 20 September.
The DSB was founded by the Association of Numbering Agencies (ANNA).
Emma Kalliomaki, managing director of ANNA and the DSB, said: “We are listening intently to industry opinion, and for the most part, the sentiment has now shifted to exploring how to move forward with additional use cases to bring more ISIN efficiency that the industry needs.”
Malavika Solanki, a member of the DSB management team, said: "We base our decisions on the industry, and the industry is telling us that they want to get more involved, which is great news for us.”
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