International Securities Lending Association

ISLA is pleased to support the FINOS CDM Working Groups.

Contribution Review Working Group
Reviews contributions to the CDM for compliance with design principles and development guidelines. Aims to ensure consistency, compatibility and reusability of components across the CDM for derivatives, debt and securities financing markets. Meetings are held bi-weekly.

Technology Architecture Working Group
The purpose of this group is to promote the adoption and use of the Common Domain Model (CDM) through collaborative Open-Source development that aligns CDM’s architecture, tooling, services, infrastructure, development practices, and deployment to existing and future technologies. Meetings are held monthly.

Collateral Working Group
Provide with the CDM the framework for harmonization of data and processes for collateral flows and documentation, so that efficiency in collateral management can reach the potential identified by the trade associations. Meetings are held bi-weekly.

Please note that these working groups are run by FINOS. If you are interested in more information, please view the FINOS community calendar here.

ISLA is delighted to be attending the Barclays RepoHack 2023, taking place in London on the 27 & 28 September.

This is an exciting opportunity for market participants to code and showcase solutions that explore novel industry architectures for repo post-trade services.

Join us to participate in an exciting industry hackathon to code and showcase solutions that explore novel industry architectures for repurchase agreement (repo) post-trade services. A repo is used for securities financing transactions that allow firms (e.g. banks, broker-dealers) to borrow cash and allow investment firms (e.g. money market funds) to lend cash at reduced risk because securities are used as collateral. Repos play a critical role in the daily funding, collateral management and liquidity management of institutional portfolios, and also in the operational and policy directives​ of central banks. The repo market is significant with daily turnover in the UK and the EU totalling over 130,000 transactions with value over £3.4 trillion.

In this hackathon, you will leverage FINOS’ Common Domain Model (CDM) industry standard and Barclays-provided APIs in order to prototype your solutions. All of this has the potential to improve efficiency in post-trade processing.

Following previous industry hackathons on the CDM (Barclays DerivHack 2018 and Barclays DerivHack 2019), we are excited to be attending Barclays RepoHack 2023. Barclays is collaborating with the International Capital Market Association (ICMA), International Securities Lending Association (ISLA), International Swaps and Derivatives Association (ISDA) and the Fintech Open Source Foundation (FINOS) for this event.

Barclays are inviting industry practitioners (banks, market infrastructures, corporates, fintechs, etc.) to register for the event by 18 August 2023.