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.

Webinars

• Webinar: Artificial Intelligence and CDM– Ark51’s Journey to Digitize ISDA Documentation
• Webinar: Using AI and the CDM for Digitized Documentation
• Webinar: CDM – Digital Documentation Reducing Onboarding Time and Resources

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
  • Automating Collateral Settlement
  • Portfolio Reconciliation and Dispute Resolution
  • Digitizing Documentation