# Derivatives Service Bureau Launch Real Time ISINs for OTC Derivatives
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-10-11
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: DSB Launches Real-Time OTC Derivative ISIN Creation Service
Meta Description: Addressing MiFID II reporting obligations, DSB's new service allows users to create OTC derivative ISINs in real-time. Join to meet regulatory
URL: https://financedigest.com/derivatives-service-bureau-launch-real-time-isins-for-otc-derivativeshtml

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_Addressing the need for regulatory reporting obligations under MiFID II_

The Derivatives Service Bureau launched its real-time International Securities Identification Number (ISIN) creation service today and users can now create OTC derivative ISINs and obtain associated reference data to address regulatory reporting obligations and processing requirements.

A year after the initial announcement of the core functionality of the first automated global ISIN-allocation engine, the DSB has met its commitment to be in full production on this date. The first users are being onboarded for creation of ISINs for OTC derivatives, resulting in the beginning of a [global OTC ISIN data](https://www.financedigest.com/hot-u-s-inflation-data-reignites-global-selloff.html "Hot U.S. inflation data reignites global selloff") archive, which will also contain Classification of Financial Instruments (CFIs), Financial Instrument Short Name (FISNs) and associated reference data. Inclusion of ToTV (Traded on a Trading Venue) flagging will begin UAT testing on 20 November and move into production in the latter half of December 2017.

“The successful launch into production illustrates the effective collaboration between industry and the DSB to enable [market participants to meet their European reporting](https://www.financedigest.com/organic-fertilizer-market-where-should-participant-focus-to-gain-maximum-roi-exclusive-report-by-future-market-insights.html "Organic Fertilizer Market | Where Should Participant Focus To Gain Maximum ROI | Exclusive Report By Future Market Insights") obligations,” said Dan Kuhnel, chair of the board of the Association of National Numbering agency, parent organization of the DSB.

The DSB provides Web-based, direct connection and intermediary access to the DSB [services of OTC derivative ISIN creation and access to the OTC ISIN data archive for research](https://www.financedigest.com/car-rental-service-market-is-forecasted-to-grow-at-a-7-2-cagr-by-2031-comprehensive-research-report-by-fmi.html "Car Rental Service Market is forecasted to grow at a 7.2% CAGR By 2031- Comprehensive Research Report by FMI") or download. Registered users requiring only Web-based [research and/or automated download of the archive current to the most recent](https://www.financedigest.com/recent-research-in-vitro-toxicology-testing-market-to-witness-steady-growth-at-5-6-cagr-by-2017-to-2022.html "Recent Research: In Vitro Toxicology Testing Market To Witness Steady Growth At 5.6% CAGR By 2017 to 2022") end-of-day are charged no fees. For users creating ISINs, requiring intraday information about new ISINs or connecting programmatically to the DSB, [annual fees are charged](https://www.financedigest.com/automotive-gas-charged-shock-absorbers-market-worth-will-reach-us-2-9-bn-in-2021-grow-at-overall-compound-annual-growth-rate-cagr-of-5-0-between-2021-and-2031.html "Automotive Gas Charged Shock Absorbers Market worth will reach US$ 2.9 Bn in 2021, grow at overall compound annual growth rate (CAGR) of 5.0% between 2021 and 2031"), funding the operations of the DSB on a cost-recovery basis. The DSB ISINs may be used and redistributed without restriction.

Today’s launch signals the beginning of the transition from pre-production User Acceptance Testing (UAT) mode that has been open for five months. More than 500 users from 167 organizations made use of the UAT environment. Sixty-six organizations have applied for direct FIX connectivity, of which 36 are active across 130 connections. Three organizations have connected with the UAT environment through the REST API. Many more organizations have informed the DSB that they are evaluating connectivity options, including utilizing intermediaries for programmatic connections.

The launch of the DSB production environment also represents the ongoing work of the DSB Product Committee, the [industry group responsible for determining the reference data requirements to create ISIN identification codes for a broad range of over-the-counter derivative products](https://www.financedigest.com/organic-soy-products-market-outlook-current-and-future-industry-landscape-analysis-2029.html "Organic Soy Products Market Outlook, Current and Future Industry Landscape Analysis 2029"). These product templates have been loaded into the DSB.

“We congratulate and thank all who contributed to turning this vision into a reality for the [benefit](https://www.financedigest.com/the-four-benefits-of-digital-transformation-in-the-finance-industry.html "The Four Benefits of Digital Transformation in the Finance Industry") of the global financial industry”, says Emma Kalliomaki, Managing Director of the DSB.


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