Date
10/05/2021
The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA), to facilitate the allocation and maintenance of ISINs, CFIs and FISNs for OTC derivatives, today announces that the second Unique Product Identifier (UPI) fee model consultation for 2021 is now open, focusing on the UPI timeline and seeking industry views on services and costs.
The UPI is designed to facilitate effective aggregation of over-the-counter (OTC) derivatives transaction reports on a global basis.
The DSB urges market participants required to report OTC derivatives to trade repositories anywhere in the world, to review and respond to this consultation as reporting parties will be mandated to incorporate the UPI into their workflows. In this round of consultation, the DSB encourages specific feedback on services and costs as this is the last opportunity this year to shape the UPI model and its functionality for the variety of anticipated UPI