About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

DSB Opens Unique Product Identifier User Acceptance Test Environment

Subscribe to our newsletter

The Derivatives Service Bureau (DSB) has opened its Unique Product Identifier (UPI) User Acceptance Test (UAT) environment and associated Client Onboarding Support Platform (COSP).

Go-live of the UPI UAT environment follows publication of mandates to report the UPI in the EU, UK, US and Australia, with additional jurisdictions expected to follow. The nine month UAT period before the first compliance date – a CFTC requirement for the UPI to be used in recordkeeping and swap data reporting in the US from 29 January 2024 – will allow prospective UPI users time to implement and test UPI connectivity, data integration and workflows in advance of compliance. Additional mandates to report the UPI are embedded in the EU EMIR Refit, and UK EMIR.

Emma Kalliomaki, managing director of ANNA and the DSB, says: “The DSB is pleased to launch the UPI UAT Service as scheduled to help stakeholders with preparations for upcoming regulatory requirements. We now encourage stakeholders to onboard with the DSB and maximise the testing time available.”

The DSB will move the UPI Service into production on 16 October 2023.

The Client Onboarding and Support Platform (COSP) is an online, self-service platform that guides users through the DSB’s UPI Service onboarding process. Users can create a user entity profile to manage UPI subscription and connectivity options for access to search for and/or create UPIs. As part of this process, the DSB has redesigned the website to enable market participants to easily access information needed to use both the OTC ISIN and UPI Services.

The DSB has also published indicative UPI user fees that are available to help firms address budgetary planning requirements in advance of final UPI user fees being published on 4 September 2023. Full details are available in the UPI Fee Model Final Report – Update 2023.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Best practices for buy-side data management across structured and unstructured data

Date: 14 November 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Data management is central to asset management, but it can also be a challenge as firms face increased volumes of data, data complexity and the need to consolidate structured and unstructured data to gain valuable insights, improve decision-making, step...

BLOG

GLEIF Creates vLEI Advisory Board to Support Digital Verification Technology Use

The Global Legal Entity Identifier Foundation (GLEIF) has formed an international, cross-industry advisory board to provide support for users of its vLEI digital verification technology. The vLEI Technical Advisory Board will help stakeholders seeking technical, governance and developmental support. Its membership is drawn from expertise within companies including Accelerate, Esatus and Prosapien and will be...

EVENT

RegTech Summit New York

Now in its 8th year, the RegTech Summit in New York will bring together the regtech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Managing Valuations Data for Optimal Risk Management

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...