The DSB seeks to expand its Product Committee membership to include more OTC derivatives users from Asia to further broaden industry collaboration geographically.
The DSB (Derivatives Service Bureau) is calling for new members for its Product Committee with an application closing date of 13 January 2021.
The DSB was founded by ANNA (Association of National Numbering Agencies) to facilitate the allocation and maintenance ISINs (International Securities Identification Numbers), CFIs (Classification of Financial Instrument codes) and FISNs (Financial Instrument Short Names) for OTC derivatives.
The Committee Charter has been revised, expanding in remit to include the DSB’s work as the UPI (Unique Product Identifier) Service Provider, as designated by the FSB (Financial Stability Board).
> ALSO READ: Global UPI Adoption a Key Focus for DSB in Year Ahead (29 Oct 2020)
The DSB’s existing Product Committee membership includes representatives from the buy-side, sell-side, custodians, data vendors, trading venues and trade associations. Members are selected based on asset class and workflow expertise, as well as geographical representation across all user categories.
A key role of the Product Committee’s work is to assist the DSB in specific industry developments in the OTC derivatives space.
The Product Committee is particularly well represented from the North American and European regions, but seeks to expand its membership from the Middle East and Asia regions to further broaden geographic industry collaboration.
Interested OTC derivative users have until 13 January 2021 to put in their applications.
The Product Committee will begin its third term in February 2021, running for two years. New Committee members will be announced in early February 2021.