ICMA completes CDM for open, floating rate, evergreen repos

The International Capital Market Association announced that Phase 2 of its Common Domain Model (CDM) for repo and bonds development has been completed. Repo product features and workflows modelled in phase 2 to support automation of open repos, floating rate repos and evergreens. This follows phase 1 which focused on the execution, clearing and settlement of fixed term repos with a fixed rate and settlement of a bond transaction.

The CDM helps market participants, market infrastructures and technology providers speed up the process of moving from concept to implementation based on industry consensus.

Read our interviews with ICMA and FINOS experts on the CDM

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