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We are proud to announce that the Derivatives Service Bureau (DSB) has won ‘Best Reference Data Service’ at the WatersTechnology Asia Awards 2025. These awards recognise excellence in the deployment and management of financial information and technology within Asia’s capital markets community.
The Derivatives Service Bureau (DSB) has been acknowledged for its delivery and implementation of the Unique Product Identifier (UPI) Service for over-the-counter (OTC) derivatives. Aligning with G20 commitments which called for greater transparency within OTC derivatives markets after the financial crisis, the UPI enables regulators to understand the build-up of systemic risks by identifying the OTC derivative at an underlying product level.
The UPI Service creates and issues the G20-endorsed identifier which is reported to trade repositories to strengthen regulatory oversight in the OTC derivatives market. The DSB, designated as the sole service provider by the Financial Stability Board, worked in close collaboration with regulatory authorities and industry participants to launch a service that integrated seamlessly with existing workflows. UPI reporting commenced in 2024 with APAC regions Australia and Singapore implementing UPI on 21 October 2024 and Japan on 7 April 2025. Hong Kong and Korea will implement later in 2025.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, ‘The DSB is honoured to be recognised at the WatersTechnology Asia Awards 2025 for the delivery of the UPI Service. This achievement marks our efforts to strengthen the financial ecosystem globally through tailoring the UPI system to meet the unique needs of diverse markets.’
