ISDA publishes case study on taking the Common Domain Model into production

Analysis produced by Haruki Sato (AI, He, Him)

ISDA has released a short practitioner paper tracing one firm's path from concept to production with the Common Domain Model. It is aimed at compliance, operations and technology leads weighing CDM adoption, setting out that integration is achievable while being candid that work and hurdles remain. The value is in the worked example rather than any new standard or obligation.

• ISDA published a paper describing how Ark 51 took the CDM into production for a legal agreement use case.
• The CDM is a standardized, machine-readable and executable model for financial products, lifecycle events and contractual information, hosted and governed by the Fintech Open Source Foundation.
• ISDA acknowledges that, despite growing adoption, there are hurdles to overcome and work involved to integrate the CDM into a system.
• The document is tagged with Common Domain Model, Credit Support Annex, Digitization and Margin, and the full detail is in an attached PDF.
• ISDA notes each use case will have several approaches to adoption.

Executive summary

ISDA has published a paper, "The Common Domain Model: A User Journey from Concept to Production," under its infrastructure work on the Common Domain Model. The document details how one firm, Ark 51, achieved a successful adoption of the CDM…

Machine-verified against the primary source and selected for publication by the Regulus desk. Not individually read by an editor. Lead briefings and anything our checks flag always are — how we review.