Recent Developments With The ISDA Common Domain Model

In October 2017, the International Swaps and Derivatives Association, Inc. (ISDA) initiated a discussion with its members and the industry on the feasibility of a common domain model (ISDA CDM) that would aim to deliver a standardized model for the post-execution trade lifecycle. The resulting ISDA CDM version 1.0 Design Definition Document provided a blueprint of the ISDA CDM framework, thereby introducing market participants to the model's underlying concepts. The ISDA CDM version 1.0 defines a consistent event and product model for financial products, focusing on post-trade activities and ultimately aims to establish processing standards and data that can be used as a foundation for the development of new technologies such as distributed ledger and smart contracts.