The CDM essentially enables IT systems to ‘speak the same language’. It is a standardised, machine-readable and machine-executable blueprint for how financial products are traded and managed across the transaction lifecycle, initially developed by ISDA for derivatives.

As such, the CDM lends itself to DLT or blockchain applications where market particpants and their computer nodes in a DLT network can use the CDM to exchange and validate transaction data when processing a repo transaction and related lifecycle events such as clearing or settlement processes, or changes of a repo rate.

See also CDM video explainer. Further information is available on ICMA’s CDM webpage.



Back to Frequently Asked Questions on DLT and blockchain in bond markets

 
<<< Previous page     Next page >>>

ICMA Zurich
T: +41 44 363 4222
Dreikönigstrasse 8
8002 Zurich

ICMA London
T: +44 20 7213 0310
110 Cannon Street
London EC4N 6EU
ICMA Paris
T: +33 1 8375 6613
25 rue du Quatre Septembre
75002 Paris

ICMA Brussels
T: +32 2 801 13 88
Avenue des Arts 56
1000 Brussels
ICMA Hong Kong
T: +852 2531 6592
Unit 3603, Tower 2
Lippo Centre
89 Queensway, Admiralty
Hong Kong
info@icmagroup.org (general enquiries)
education@icmagroup.org (education enquiries)
sustainabilitybonds@icmagroup.org (sustainable finance)
Copyright © 2024 International Capital Market Association.