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

Derivatives Service Bureau Calls for Reference Data Provider to Support UPI

Subscribe to our newsletter

The Derivatives Service Bureau (DSB) has released a Request for Information (RFI) to identify a reference data provider for underlier identifiers for the Unique Product Identifier (UPI). A requirement of the UPI, which the DSB plans to make available in Q3 2022, is to support the use of multiple underlier identifiers and reference data elements.

The DSB has released the RFI today, 29 March, 2021. Clarifications will be sought from interested parties by the 9 April 2021, and the closing deadline is 23 April, 2021. The DSB aims to finalise the selection process by the middle of the year. Details of the RFI are available on request and reference data providers interested in responding can contact the DSB at data-survey@anna-dsb.com.

Emma Kalliomaki, managing director of ANNA and the DSB, says: “The UPI is going to be critical to international markets, allowing regulators to aggregate global data reportable to trade repositories. Having a reliable reference data source for underliers is vitally important.”

Underlier identifiers are important because they are one of the attributes used to define a UPI. At a given point in time, every reportable OTC derivative product should be identified by one distinct set of UPI reference data elements and their values. It is intended that UPI users will be able to submit a range of underlier identifiers, which will map to a single UPI code for any given OTC derivative product. The different identifiers representing the instrument, index, or reference rate for an OTC derivative should therefore be regarded as alternative representations of the underlier for the same UPI. This reference data will be key to underpinning the UPI’s effectiveness.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Are you making the most of the business-critical structured data stored in your mainframes?

Fewer than 30% of companies think that they can fully tap into their mainframe data even though complete, accurate and real-time data is key to business decision-making, compliance, modernisation and innovation. For many in financial markets, integrating data across the enterprise and making it available and actionable to everyone who needs it is extremely difficult....

BLOG

Regulations in the Balance as Institutions Remain Sustainability-Focussed: ESG Summit London Review

Despite a perception that ESG is in retreat around the world, financial institutions continue to take the issue very seriously as a matter of risk management, a trend that continues to exert an influence on the data demands of organisations. It isn’t even the compliance imperatives of organisations operating in heavily regulated parts of the...

EVENT

RegTech Summit New York

Now in its 9th 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

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...