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A-Team Insight Briefs

DSB Raises User Fees for OTC ISIN Service in 2019

The Derivatives Service Bureau (DSB) has published 2019 user fees for the provision of ISINs for OTC derivatives. Power and standard user fees rise 4.5% to €117,500 and €39,200 respectively, while infrequent users, essentially low volume or ad hoc users of the service, will see their fees unchanged at €3,000 in 2019.

The service works on a cost recovery basis with changes in numbers of various types of users effecting 2019 fees. Based on 2018 figures, banks pay the largest percentage of the user fees at 56%, with trading venues paying 31%, and other categories including buy-side and data vendors paying 13%. As well as paying users, the DSB provides OTC ISIN data to registered users, the largest category of users making up two-thirds of the DSB’s user base, free of cost.

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