ISDA is working with its members to develop and implement collateral management automated workflows and data standards that will reduce operational, liquidity and counterparty risks.
- Automate workflows
- Holistically manage collateral across products
- Implement Common Domain Model (CDM) data standards and digitization use cases
- Expand eligible collateral
CDM for Collateral Initiatives Use Cases
For more information, go to: CDM-Collateral Initiatives Fact Sheet.
CDM Collateral Start-up Guide
This resource is designed to learn more about the CDM for collateral management and how to implement it. This is targeted to the business user and structured as a set of short tutorials, giving you the opportunity to interact with the CDM and understand the features and tools available.
- Module A: Introduction to the CDM
- Module B: Accessing the CDM
- Module C: How the CDM works
- Module D: How the CDM is used
- Module E: Collateral Use Cases
- Module F: Advanced Features
Currently Available
- Document Digitization, including the ISDA Master Agreement and credit support annexes (CSAs) for initial margin and variation margin (legacy CSAs – in development):
Expedite collateral management onboarding and interoperability and decrease operational risks. - Collateral Representation:
Streamline eligible collateral schedule data onboarding and collateral settlement; improve business as usual data processing across collateralized products; and optimize collateral. - Margin Call, Collateral Positions and Balance Structure:
Streamline margin call and collateral inventory data; improve liquidity management and collateral optimization; decrease settlement fails and Treasury Market Practice Group fees; and enable connectivity to digital regulatory reporting.
In Development
- Cash Collateral Interest Calculation and Processing:
Automate cash collateral calculation and payment process and decrease settlement fails. - Eligible Collateral Schedule Input:
Reduce eligible collateral schedule (ECS) negotiation time and resources; streamline onboarding and interoperability; and develop a user-interface to enable construction of ECS in the CDM standard. - Standardized Trade Reconciliation Population
Improve automated portfolio reconciliation and dispute resolution via interoperability of reconciliation data.
ISDA’s Collateral Working Groups
- Margin and Collateral Processing Working Group
- CDM-Collateral Working Group (including members of the International Securities Lending Association and the International Capital Market Association)
- Custodian Collateral Working Group (for custodian firms only)
To participate in any of the working groups above, please visit https://www.isda.org/committees/.
For additional information regarding ISDA’s collateral initiatives, please contact collateralinitiatives@isda.org.
ISDA Collateral Management Resources
- ISDA Margin InfoHub
- ISDA Suggested Operational Practices
- 2021 Suggested Operational Practices for the Over-the-counter Derivatives Collateral Process
- ISDA Portfolio Reconciliation, Dispute Management and Reporting Suggested Operational Practices
- Suggested Minimum Market Standards for Collateralized Portfolio Reconciliation
- Triparty and Third Party Suggested Operational Practices
- Notice of Exclusive Control/Pledgor Access Notice Workflow
- Toolkits
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