Íø±¬³Ô¹Ï

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
≔ Menu
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. ICMA and ISDA to combine CDM model
Industry news

ICMA and ISDA to combine CDM model


25 November 2022 Switzerland
Reporter: Carmella Haswell

Generic business image for news article
Image: VectorMine/stock.adobe.com
The International Capital Market Association (ICMA) is to combine its Common Domain Model (CDM) for repo and bonds with the International Swaps and Derivatives Association’s (ISDA’s) version.

The move, expected in the coming weeks, will allow members of the associations access to one, single model that supports different repo structures and bond settlement, securities lending and derivatives.

ICMA’s latest CDM SteerCo meetings have focused on modelling the structure and lifecycle events of evergreen and extendible repo.

These meetings also discussed general collateral baskets, tri-party repo and announced that the second stage of modelling repo workflows is nearly complete.

A CDM SteerCo meeting is scheduled for 15 December to provide a detailed update on the CDM initiative.

According to ICMA, the CDM plays a key role in supporting the digital transformation of capital markets, fostering interoperability and cohesiveness through FinTech Open Source Foundation’s (FINOS’s) open-source framework.

ISDA, ICMA and the International Íø±¬³Ô¹Ï Lending Association (ISLA) jointly appointed FINOS to run the CDM in September. The three organisations will migrate the CDM to FINOS by the start of 2023.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ ISLA
→ ISDA

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ ISLA
→ Collateral
→ Repo

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →