ISDA’s Collateral Initiatives

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.

Expanding Legal Agreement Coverage in the CDM: Umbrella Agreements and Contract Amendments (September 2026)

CDM-Collateral Developments: Now is the Time to Implement (April 2026)

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.

 

Currently Available

  • Document Digitization, including the ISDA Master Agreement and credit support annexes (CSAs) for legacy, initial margin and variation margin:
    Expedite collateral management onboarding and interoperability and decrease operational risks.
  • Collateral Representation:
    Streamline eligible collateral schedule data onboarding, interoperability 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.
  • Cash Collateral Interest Calculation and Processing:
    Automate cash collateral calculation and payment process and decrease settlement fails.

 

CDM Collateral Guidance Videos

Series of video clips based on CDM collateral management use cases, provides guidance on the data structures available in the CDM model, covering the various data types and attributes and how to locate them.

 

Webinars

 

CDM Test Sample Data

  • CDM test sample data covering various ISDA CSA types and eligible collateral schedules can be reviewed and downloaded here.

 

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

Remove Bureaucracy from Cross-margin Approvals

Cross-margining programs play a critical role in financial markets. By ensuring margin requirements more closely reflect the actual risk of a portfolio of products, they reduce liquidity strain and improve market efficiency, both of which will become even more important...

Joint Response on CCP Resolution

On September 7, ISDA and FIA responded to a Bank of England (BOE) discussion paper on central counterparty (CCP) resolution. The associations support greater clarity on valuation capabilities prior to a crisis scenario and the boundary between recovery and resolution,...