eteridvalishvili commented 2 months ago

CDM Collateral Working Group Minutes

Meeting Host: Vernon Alden Smith, ISDA

September 18th, 2024 - 10 am EST / 3 pm BST

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Meeting notices

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Agenda

[x] Convene & roll call (5mins)
[x] Display FINOS Antitrust Policy summary slide
[x] Review Meeting Notices (see above)
[x] Approve Past Meeting Minutes
- [x] https://github.com/finos/common-domain-model/issues/3030
[ ] September 18th 2024 Meeting Material ISDA Common Domain Model - Collateral WG 18th September 2024.pdf
[ ] AGENDA 1 ISLA Eligible Collateral data samples update
[ ] AGENDA 2 CDM Collateral VM CSA use case in production overview – DRS/Ark51
[ ] AGENDA 3 ICMA Repo Substitutions business events and workflows demo
[ ] AOB, Q&A & Adjourn (5mins)

Minutes- @eteridvalishvili

Short Meeting Summary & Actions-

[x] Action 1 ISLA –Eligible Collateral data samples update With reference to agenda item No 1 detailed in the meeting material slides (ISDA Common Domain Model- Collateral WG) paged 3-4. Following the ISLA CDM survey and outcomes, where collateral use cases scored high, Chris Rayner provided an overview on eligible collateral examples related to securities lending which have been reviewed in the ISLA working groups. This included the model gaps identified during this analysis, which will be considered to be added to the CDM model. Please contact Chris.Rayner@islaemea.org for any further information. Please also find here the link to the CDM object builder which was used to builder the schedule examples. https://cdm-object-builder.finos.org/
[x] Action 2 CDM Collateral VM CSA use case in production overview – DRS/Ark51 Paul Hands (Parallel 51) firstly introduced DRS- ARK51 with the meeting material slides (ISDA Common Domain Model- Collateral WG) page 5 -6. Following this a live demo showed the working group how the platform uses AI to transform soft copy document information to CDM data JSON output. For more information please contact paul.hands@parallel-51.com
[x] Action 3 ICMA - Repo Substitutions business events and workflows demo During the working group meeting 30th July ICMA mentioned they have already looked at CDM for solving problems raised within the ERCC committee in relation to best practices for pair offs and repo substitutions. This includes steps like proposal, acceptance, agreement, transfer, cancel, issue involving SWIFT messaging. These business events and workflows have been built into a demo created within ICMA working groups but not contributed to CDM Tom Healy ICMA shared information related to the substitution workflow at this working group meeting. Details can be found in the following presentation: Collateral Mgmt Subtitutions for Collateral Working Group - Final.pdf Following this Tom provide a live demo of the workflows to the working groups members. If you wish to provide additional feedback on the collateral substitution workflow, please contact valdensmith@isda.org , Tom.Healey@icmagroup.org and mailto:Chris.Rayner@islaemea.org
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