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/biz/ - Business & Finance


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11145796 No.11145796 [Reply] [Original]

>What is ISDA CDM? With new technologies, such as distributed ledger and smart contracts, the derivatives market is on the cusp of a technology revolution. ISDA Common Domain Model (CDM) will help realise that potential. When fully developed, the ISDA CDM will provide an industry standard blueprint for how derivatives are traded and managed across the lifecycle, and how each step in the process should be represented.

>DerivHack will take place simultaneously in London and New York on September 20-21 at Barclays' Rise accelerator spaces. The International Swaps and Derivatives Association (ISDA), Deloitte and Thomson Reuters are co-sponsoring the event.

>Those taking part will be asked to apply ISDA's Common Domain Model (CDM), a set of process and data standards, using their choice of distributed ledger technology (DLT) platform, to efficiently model post-trade processing of derivatives contracts.

>CDM attempts to harmonize the way data is presented and reported across different firms and platforms. As such, its adoption is widely viewed as a prerequisite for the financial industry to adopt DLT and smart contracts.

>One goal of the hackathon is to suss out which of the commonly used enterprise DLT platforms – R3's Corda, Hyperledger Fabric or ethereum – handles derivative life cycle smart contracts most elegantly.

>A key component in the standardization of smart contract-enabled post-trade processing of derivatives are smart oracles which pipe in data to the contacts.

>Dan Selman @danielselman 15 hours ago @mattcogitat and I will be at DerivHack in London tomorrow, attempting to create an @AccordHQ Cicero contract for ISDA Interest Rate Swaps, running on @Cordablockchain. Wish us luck!

>Wilmott estimates the derivatives market at $1.2 quadrillion, to put that in perspective it is about 20 times the size of the world economy.

1k is FUD

>> No.11145965
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11145965

Mommyyyyyy

>> No.11145978

Hmnnng

>> No.11145988
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11145988

>>11145796
giv blythe mommy

>> No.11146008

>>11145796
using corda...

no chainlink

>> No.11146035

blythe masters is so fuckin attractive

>> No.11146046

Interesting. Should we be watching the Link testnet contracts to see what kind of data requests are being made?

>> No.11146136

>>11146008
What are adapters?