论文标题
使用ISDA公共域模型的权威数据存储的行业采用方案
Industry Adoption Scenarios for Authoritative Data Stores using the ISDA Common Domain Model
论文作者
论文摘要
在本文中，我们探索了后贸易行业标准化和简化的机会，以显着提高效率并降低成本。我们首先总结相关的行业问题（流程不一致，数据不一致和重复的数据），然后介绍相应的潜在行业解决方案（过程标准化，数据标准化和权威数据存储）。这包括过渡到国际掉期和衍生工具协会共同域模型（CDM），作为整个贸易生命周期的业务事件和流程的标准数字表示。然后，我们探索如何考虑传统的集中式模型和潜在的分散模型，如何运营将CDM业务事件的权威数据存储。对于两种类型的模型，都有许多可能的采用方案（取决于每个经纪交易商与权威数据存储的集成程度和CDM使用情况），我们确定了一些关键方案。
In this paper we explore opportunities for the post-trade industry to standardize and simplify in order to significantly increase efficiency and reduce costs. We start by summarizing relevant industry problems (inconsistent processes, inconsistent data and duplicated data) and then present the corresponding potential industry solutions (process standardization, data standardization and authoritative data stores). This includes transitioning to the International Swaps and Derivatives Association Common Domain Model (CDM) as a standard set of digital representations for the business events and processes throughout the life cycle of a trade. We then explore how financial market infrastructures could operate authoritative data stores that make CDM business events available to broker-dealers, considering both traditional centralized models and potential decentralized models. For both types of model, there are many possible adoption scenarios (depending on each broker-dealer's degree of integration with the authoritative data store and usage of the CDM), and we identify some of the key scenarios.
