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  3. Ark 51 adopts ISDA’s CDM
Industry news

Ark 51 adopts ISDA’s CDM


06 November 2024 US
Reporter: Carmella Haswell

Generic business image for news article
Image: Shutter2U/stock.adobe.com
Ark 51 has adopted the International Swaps and Derivatives Association’s (ISDA’s) Common Domain Model (CDM) to convert information from ISDA’s regulatory initial margin (IM) and variation margin (VM) credit support annexes (CSAs) into digital form.

The firm is an artificial intelligence and data analytics service developed by legal services provider DRS.

The CDM is designed to transform that data into a machine-readable format that can be exported to other systems, cutting the resources associated