ISDA CDM Common Domain Model
ISDA executable model for OTC derivatives.
Definition
ISDA CDM models trade events (Execution, Allocation, Reset, ContractFormation, EarlyTermination, Confirmation, Clearing) in Rosetta DSL (deployable to Java, Scala, Python). Covers rates, credit, equity, FX, commodity. Major 5.0 evolution (2024) includes securities lending, repo, harmonized regulatory reporting. Key component: DRR (Digital Regulatory Reporting) for EMIR Refit, CFTC Rewrite.
Origin
ISDA + REGnosys (now Linklaters Rosetta), published 2018 v1.0 (open source 2019), v5.0 2024.
Usage
Adopted by DTCC, ICE, LCH, CME, Goldman Sachs, JPMorgan, Bank of America for DRR EMIR Refit (April 2024) and CFTC Rewrite (Dec 2022).