ISDA, ICMA and ISLA Seek Third-Party Solution for CDM Repository
10 May 2022 The International Swaps and Derivatives Association (ISDA), the International Capital Market Association (ICMA) and the International Securities Lending Association (ISLA) have announced a request for proposal for 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:
ISDA resources on the CDM
ICMA resources on the CDM for repo and bonds
ISLA resources on the CDM
For 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