ISDA, the International Capital Market Association (ICMA) and the International Securities Lending Association (ISLA) have announced they are seeking 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.