ISDA has announced that VERMEG, a technology provider for the banking and insurance sector, has integrated the Common Domain Model (CDM) into its COLLINE collateral management system to support the consumption of digitized regulatory initial margin (IM) credit support annexes (CSAs).
Implementing the CDM – a free-to-use data standard for financial products, trades and lifecycle events – will reduce operational risk and the potential for errors and disputes and dramatically speed up onboarding times for customers. For example, key data from a regulatory IM CSA negotiated on the ISDA Create online negotiation platform can be digitized using the CDM and flow seamlessly through to the COLLINE system as part of a contract lifecycle management strategy, cutting the resources and costs associated with manual processing.
VERMEG is the first entity to integrate the CDM to improve the efficiency of collateral processes, with several other firms currently in testing. As well as digitizing key elements of regulatory IM and variation margin CSAs, ISDA has developed use cases that apply the CDM to collateral representation, margin and settlement processes, margin call issuance and response messages, and cash collateral interest processing. These use cases have the common goal of reducing operational, liquidity and counterparty risks.
“We are delighted that VERMEG has put the CDM to work within its COLLINE collateral management system, which will expedite collateral management onboarding and decrease related operational risks. We are working with multiple technology providers and end users to bring greater efficiency to key collateral processes,” said Scott O’Malia, Chief Executive of ISDA.
“We are proud to be among the early adopters of the CDM standards in collateral management. The new features efficiently streamline agreement onboarding in COLLINE, significantly reducing costs for both existing clients and new customers,” said Wassel Dammak, Collateral Solutions Strategy at VERMEG.
The CDM is an open-source standard hosted by FINOS. More information is available here.
Find out more about ISDA’s collateral initiatives using the CDM by clicking here.
More information on all ISDA’s digital solutions is available on the ISDA Solutions InfoHub.
For Press Queries, Please Contact:
Nick Sawyer, ISDA London, +44 20 3808 9740, nsawyer@isda.org
Joel Clark, ISDA London, +44 20 3808 9760, jclark@isda.org
Christopher Faimali, ISDA London, +44 20 3808 9736, cfaimali@isda.org
Nikki Lu, ISDA Hong Kong, +852 2200 5901, nlu@isda.org
Wassel Dammak, VERMEG France, +33 6 74 55 02 90, wadammak@vermeg.com
Documents (1) for VERMEG Integrates Common Domain Model into COLLINE Collateral Management System
Latest
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
Letter on EU Legislative Reform
On July 1, ISDA and 11 other trade associations published a statement on enhancing the EU legislative and supervisory framework to support market competitiveness. The statement highlights a significant opportunity to strengthen the EU’s regulatory and supervisory framework through the...
Response to CPMI-IOSCO Margin Proposals
On June 29, ISDA submitted a response to a consultation from the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) on updated guidance and public quantitative disclosures to implement the 2025 margin proposals....
US Treasury Repo Clearing Indicators May 2026
The ISDA-Actrix US Treasury Repo Market Clearing Indicators illustrate central clearing adoption in the US Treasury repo market. Sponsored cleared repo volumes are used as a proxy to monitor client participation in central clearing, the key objective of the Securities...