The UPI Product Definitions form the basis of a UPI record. These UPI Product Definitions have been agreed by the DSB Product Committee and represent the full set of OTC derivative products for which the DSB can create UPIs.
UPI onboarding is done via the Client Onboarding and Support Platform (COSP). The COSP is an online, self-service platform that will allow fee-paying Users to perform the administrative tasks associated with onboarding and managing a UPI subscription.
Please have your organization’s Legal Entity Identifier (LEI) ready before you begin this process.
No, the OTC ISIN service and the UPI service require separate subscriptions, with separate fees. Here’s a summary of the UPI User Types and the associated fees.
Users submitting a value for Settlement Currency in any FX ISIN product template are advised that the attribute is optional and should not contain XXX without prior authorization of the DSB Product Committee.
Users are requested not to submit a value of XXX which is defined in the ISO 4217 standard as “no currency involved in the transaction” and thus is not seen as appropriate for use in FX instruments.
The Product Committee requests that users wishing to submit XXX as an input value should provide a business case to secretariat@anna-dsb.com with supporting information.
The FAQ addresses the fact that it is possible for a DSB FDL File to include more than one record for a particular ISIN.
This is a rare occurrence, but may happen when ESMA/the FCA publish data on FIRDS/FITRS after a set cut-off time and so the DSB may still be having unprocessed data for an ISIN, from the previous day, when a new data is received. This will result in multiple records for the same ISIN being recorded and so it is important for the user community to understand how these records should be handled.
Under these circumstances, the DSB recommends that the user should access the ToTV record with the latest LastModifiedDate, as that would have a complete dataset for that ISIN on that day.
Where there is a duplicate entry, the record with LastModifiedDate is the latest dataset for that ISIN.
The DSB requires the entry of underlying Reference Rates based on entries in the current version of the FpML Coding Scheme (eg: “USD-SOFR-COMPOUND”). In order to support conformance to ISO20022, the DSB also maps each FpML Reference Rate to an equivalent ISO Reference Rate value that is determined in the following way:
It is assumed that within the ISO20022 standard, BenchmarkCurveName2Code is, and will remain, a subset of BenchmarkCurveNameCode. However, the two code sets have been listed separately in the above methodology in order to recognise their different capacities within the relevant regulations.
This approach is intended to allow for the reference rates currently published by FpML and any additional reference rates that may be added in due course.
Q: When was the last DR test?
A: The last DSB DR test was invoked against the DSB UAT environment, between the 16th July – 10th September 2021
Q: How long did the DSB take to complete the invocation?
A: The DSB completed the invocation to the secondary region in 4 hours and 5 minutes. The RTO (recovery time objective) is 4 hours. The issues causing this slight delay have been investigated and changes have been incorporated in the run book to ensure the next invocation is within the RTO.
Q: When is the next DR test?
A: The DSB Technology Advisory Committee (TAC) will provide further guidance on this at the next scheduled TAC meeting on Wednesday 3rd November 2021.
The Derivatives Service Bureau (DSB) Limited is a company registered in England and Wales (No. 10542063)
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