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DSB publishes second consultation paper on fees and user contracts


The Derivatives Service Bureau (DSB) has released its second and final consultation paper regarding user fees and contracts for 2019.

Industry feedback is being sought on open topics including potential changes to user support services, service level agreements, and resiliency, after some proposals in the first consultation were discarded due to industry feedback.
 
This second consultation opened on 28 June 2018, and will close at 5pm UTC on 27 July 2018, with a final consultation report to be published on 20 August 2018. A 90-minute webinar discussing the topics of this consultation will be held on Tuesday, 3 July 2018 at 1pm UTC (14:00 BST, 13:00 CET, 09:00 EST). 
 
The first consultation sought industry views on a broad range of topics arising from user feedback during the prior 12-month period, with this second consultation intended to summarise industry responses and set out further details, including next steps where additional feedback is sought.
 
“In the responses to the first consultation, some of the contrasting interests and needs of various user groups became apparent. In this second consultation, we are investigating these interests more deeply to determine the best path forward for the DSB and its users,” says Emma Kalliomaki, managing director of the DSB, who adds that the newly formed Technology Advisory Committee will also provide guidance in matters related to infrastructure, connectivity and disaster recovery.
 
Key areas of investigation are: the revision of the user categories and fee model; changes to DSB functionality, including the provision of more market timeline adaptive template models and the setup of user forums to allow for collaborative discussions with industry; service levels, including time of operation, technical support, streaming thresholds and weekly caps; and access and user agreement, including potential change to the terms of any differentiated agreement for intermediaries.

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