ISDA, the International Capital Market Association (ICMA) and the International Securities Lending Association (ISLA) have announced they are seeking a third-party organization to provide an open-source repository for the Common Domain Model (CDM).
The three associations signed a memorandum of understanding in August 2021 to strengthen collaboration on the future development of the CDM, which establishes a single, common digital representation of trade events and actions across the lifecycle of financial products. The associations are now inviting potential host organizations to provide a service proposal to meet their requirements.
Responding organizations will need to be able to:
- Provide a repository for the open-source CDM, which allows maintenance of the CDM code, open access for its consumption and use by the CDM community;
- Facilitate the growth and maintenance of a community, members of which can contribute to the development of the CDM;
- Allow for the governance of contributions to the CDM to be overseen by the associations; and
- Assist in creating and maintaining awareness of the CDM within the financial services community.
Proposals should be submitted no later than June 17, 2022 at 22:00 BST/17:00 EDT.
To receive a copy of the detailed requirements document and further details, please contact: CDMinfo@isda.org, regtech@islaemea.org or Fintech@icmagroup.org.
Further information on the CDM can be found here:
ICMA resources on the CDM for repo and bonds
For Press Queries, Please Contact:
Nick Sawyer, ISDA London, +44 20 3808 9740, nsawyer@isda.org
Lauren Springer, ISDA New York, +1 212 901 6019, ldobbs@isda.org
Joel Clark, ISDA London, +44 20 3808 9760, jclark@isda.org
Christopher Faimali, ISDA London, +44 20 3808 9736, cfaimali@isda.org
Nikki Lu, ISDA Hong Kong, +852 2200 5901, nlu@isda.org
For General ISLA enquiries, contact: regtech@islaemea.org
For ISLA Press enquiries, contact: press@islaemea.org
Allan Malvar, ICMA, +44 7738 696 451, allan.malvar@icmagroup.org
Documents (1) for ISDA, ICMA and ISLA Seek Third-party Solution for CDM Repository
Latest
ISDA AGM Studio: David Bailey
David Bailey, executive director, prudential policy, at the Bank of England, speaks with ISDA CEO Scott O’Malia about the UK’s approach to Basel 3.1, the impact of the revised US Basel III endgame on cross‑border consistency and the role of the...
ISDA AGM Studio: Harleen Bains and Sonali Das Theisen
How have trading desks responding to increased market volatility this year? Harleen Bains, ISDA board member and head of global markets sales, Canada, at RBC Capital Markets, and Sonali Das Theisen, global head of FICC e‑trading and markets strategic investments...
ISDA AGM Studio: Scott O'Malia and Chris Edmonds
Christopher Edmonds, president, fixed income & data services, at Intercontinental Exchange, speaks with Scott O’Malia, ISDA CEO, about how market volatility, regulatory change and technological transformation are reshaping global markets. The discussion explores what recent volatility has meant for participation,...
ISDA AGM Studio: Bill Borden, Microsoft
Bill Borden, corporate vice president, worldwide financial services, at Microsoft, speaks with Mark New, ISDA’s co-head of digital transformation and senior counsel, about how artificial intelligence (AI) is shaping the future of financial markets and the key factors firms should...