Since the early days of the Common Domain Model (CDM) project at FINOS, we’ve aimed to foster a diverse community representing the experiences of all CDM contributors. Today we are excited to announce an addition to the dedicated team of maintainers of the CDM: Nick Moger of J.P. MorganChase. The addition of a maintainer from J.P. Morgan—a leading bank with the CDM in production — ensures the model's evolution reflects the practical, everyday challenges and requirements of its adopters.
The world of finance relies heavily on derivatives transactions. Following the financial crisis of 2008, world leaders agreed that over-the-counter (OTC) derivatives needed more transparency and better tools to mitigate risk. This led to new regulations forcing market participants to exchange collateral. A key component of this is the requirement for Initial Margin (IM). Managing these complex transactions and regulatory requirements efficiently is where the Common Domain Model (CDM) comes in.
Do you legally own the securities in your custody account? Yes, it’s recorded against your name on your monthly statement. But do you really own them? As the financial industry explores tokenisation as a new model for recording and transferring ownership, this question is more relevant than ever.
While the promise of direct, on-chain ownership is compelling, it forces us to revisit what ownership really means — legally and operationally — in today’s complex financial systems.
The financial industry got a significant upgrade in data standardization with the release of CDM 6.0, the latest production version of the Common Domain Model. This release, the second major update since the model found its home at FINOS, represents a collaborative effort with ISDA, ISLA, and ICMA and brings over 100 functional and technical enhancements. If you're involved in financial data management and building systems for post-trade services, this is a release you need to know about.
Major components of this release include:
... as well as several additional model changes, bug fixes and synonym mappings since the last production release (CDM 5.20).
Welcome to the CDM Masterclass recordings, where we explored the latest advancements in the Common Domain Model (CDM). This session brought together industry experts to learn about recent developments, practical applications, and emerging tools designed to make CDM adoption more efficient. Throughout the masterclass, speakers covered topics such as collateral management with the CDM Object Builder, regulatory reporting, and AI-powered automation. We also demonstrated real-world implementations and discussed how AI and automation can enhance CDM-driven financial processes. Watch the presentations to catch up on key insights and innovations.
The financial sector is facing increasing regulatory demands, and firms need new approaches to maintain compliance while driving operational efficiency.
