Overview
Agenda
Date: 28 February 2024
Hosted by
Overview
After the success of The Common Domain Model (CDM) Showcase in February 2023, International Capital Market Association (ICMA), International Securities Lending Association (ISLA), and International Swaps and Derivatives Association (ISDA) returned with a one-day conference on 28 February 2024.
The CDM Showcase was designed to be an interactive forum, bringing together members and relevant industry stakeholders from across derivatives, repo, and securities lending markets to discuss the CDM.
The event answered questions such as, can you use the model to define collateral schedules? Or map legal master agreements? How about generating regulatory reports? And what about using other programming languages with the model code?
Attendees learnt about the progress around this joint industry-led initiative, witnessed first-hand the breadth and scope of the advances in the model, its underlying technology, and were the first to hear about some of the exciting plans the CDM community has for the future.
Sponsors
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| 08:30 | Registration opens, breakfast & networking | |
| 09:30 | Welcome remarks Andrew Dyson, Chief Executive Officer, ISLA |
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| 09:40 | Opening keynote address Aman Thind, Global Chief Architect, State Street |
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| 10:00 | Streamlining Contract Management: The Benefits of Using the CDM to Transition from Paper to Digital Contracts The legal industry is undergoing a transformative shift towards digitalization. The transition from hard copy to digital documentation offers numerous advantages, including more accessibility and enhanced negotiation, improved data security and privacy, and the potential to leverage advanced technologies such as artificial intelligence (AI) and machine learning. In this panel we will be demonstrating how to transform your paper-based documents into CDM formatted digital representations, allowing the legal terms that govern a trade to be attached to it, thus facilitating automation of lifecycle events.
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| 10:45 | Networking Refreshment Break | |
| 11:15 | Standardised Eligible Collateral Schedules - Expansion & Implementation Collateral management is a data driven process, crossing multiple areas within firms and types of products. Using the CDMS’s standardised data for collateral representation, firms can streamline operational processes that result in improved counterparty risk management and collateral optimisation. CDM-Collateral working group members will showcase how they have contributed to the advancement, growth and development of the CDM and demonstrate the benefits that their firm or clients will realize. FIA-Tech will demo: Expanding eligible collateral representation to ETD and Cleared collateral schedules, reducing manual maintenance of CPPs’ collateral schedules.
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| 12:00 | Fireside Chat: How to Build CDM-Based Applications for Repo Trading & Post-Trade Shortening settlement cycles, automating operationally cumbersome post-trade processes, forthcoming reporting requirements in the US for bilateral repos, as well as issuance and trading of tokenised securities will inevitably lead to further digitisation and automation across capital markets. We will discuss how to get started with the CDM, drawing on lessons from hackathons and integration projects, to lower implementation costs, avoid fragmentation and accelerate the development of new services. Moderator: Gabriel Callsen, Senior Director, FinTech & Digitalisation, ICMA
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| 12:45 | Networking Lunch | |
| 14:00 | Afternoon Remarks Scott O’Malia, Chief Executive Officer, ISDA |
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| 14:15 | CDM Demo for Repos We will showcase in a live demo how to leverage the CDM and implement best practices for repo post-trade processes and facilitate implementation of industry priorities. Tom Healey, Financial Services Consultant, ICMA |
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| 14:45 | Digital Regulatory Reporting - Global Expansion Fifteen months after DRR was used to support reporting to the CFTC, the compliance dates for updated rules for EU EMIR and JFSA are imminent and UK EMIR, ASIC and MAS by the end of 2024. TradeHeader and REGnosys will highlight the updates made in the past year to expand DRR to these jurisdictions, with a demonstration from ingestion of transactions using CDM through to full regulatory reports and submission into ISO20022 format. The presentation will also demonstrate how the DRR’s functional logic can be transparently traced back to the collaborative interpretation work carried-out by the ISDA WG.
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| 15:15 | Networking Refreshment Break | |
| 15:45 | Application of the CDM in Trading Over the last 18 months the ISLA CDM Trading Working Group have been enhancing the CDM to improve pre- and post- trade processes, contributing structures to the model that standardise the formats used by lenders and borrowers for their daily trading needs. In this panel, members of the working group will discuss the benefits of getting the trade “right at the start”, and how the standardisation of data and processes provided by the CDM can ultimately reduce costs and increase automation of manual tasks. Moderator: Tim Fox, Sharegain
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| 16:15 | Reflections & What Next? The associations will summarise the day's sessions, looking back over the work that has taken place over the past year, and look towards what can be expected in 2024 and beyond.
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| 16:45 | Closing Remarks Gabriel Callsen, Senior Director, FinTech & Digitalisation, ICMA |
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| 17:00 | Closing Drinks Reception | |
| 18:30 | Event close |
