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Common Domain Model
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DOCSGITHUB


WHAT IS THE COMMON DOMAIN MODEL (CDM)


The Common Domain Model is an open standard project hosted under FINOS, the
Fintech Open Source Foundation, starting in February 2023. The standard is
developed through the Community Specification open governance process, and
underlying code assets are released under the Community Specification License
1.0.

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WHAT ARE THE BENEFITS OF THE CDM?


The CDM project offers a unique opportunity for members to collaborate and drive
industry standards forward in a transparent and inclusive manner.

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WHAT IS THE PURPOSE OF THE CDM?


A single, digital processing standard for trade events and actions enhances
financial markets' operational efficiency in several ways:


 * Enables interoperability and straight-through processing across firms,
   solutions, and platforms, reducing the need for reconciliation caused by
   variations in how each firm records trade lifecycle events.
   
   
 * Accelerates financial technology innovation by providing a common, readily
   operational foundation for how technologies like distributed ledger, smart
   contracts, cloud computing, and artificial intelligence can be applied to
   financial markets.
   
   
 * Delivers better regulatory oversight, promotes transparency and alignment
   between regulators and market participants, and enables consistency in
   regulatory reporting by providing a standard representation of trade data and
   supporting machine-executable reporting requirements.


ENHANCE INTEROPERABILITY & STRAIGHT THROUGH PROCESSING

FINOS CDM enables interoperability between systems/services, removing burden of
setting up connections to different systems/entities, laying groundwork for STP


DELIVERS BETTER REGULATORY OVERSIGHT

FINOS CDM promotes transparency and alignment between regulators and market
participants.


CREATES AN ENVIRONMENT FOR INNOVATION IN FINANCIAL MARKETS

FINOS CDM will speed up development of new solutions for the market by allowing
providers to focus on what they specialize in rather than requiring them to
interpret and represent market events and processes individually.
Docs
 * Getting Started
 * About FINOS

CDM Working Groups
 * Contribution Review Working Group
 * Collateral Working Group
 * Technology Architecture Working Group
 * Structured Products Working Group

More CDM Working Groups
 * FINOS CDM Steering Working Group
 * ISLA CDM Working Group (Securities Lending)
 * ISLA CDM Trading Working Group (Securities Lending)
 * ISLA Document Digitisation Working Group (GMSLA)

Consume
 * Releases
 * FAQ
 * CDM Java Distribution Guidelines
 * Download Source Code

FINOS
 * FINOS Website
 * FINOS GitHub Org
 * CDM GitHub Repo
 * CDM Launch Press Release

Copyright © 2023 Common Domain Model - FINOS