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Please skip initial 10 minutes for the meat of the presentations
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Notes
- AntiTrust Policy and Code of Conduct
- All members on call at 10:05 introduced themselves details can be found under attendees
- Vipin Bharathan introduced the concepts around CDM
- mani pillai gave an presentation around CDM and concepts, mainly from the vantage of Swapshub efforts
- How is CDM different from FpML-(uses XML) (uses JSON, generates composable products, events, focuses on off chain standards for hashing (CDM hash) so data can be made interoperable between chains and systems)
- Ron Quaranta asked about the hash (which reveals that the transaction hash needs to conform to CDM standard),
- Ron Quaranta also asked about whether any production systems adopted CDM. mani pillai responded that the Contractual Product is the most complete, but no production systems yet- However big organisations are members of ISDA (big banks-Barclays, BNP Paribas, JPM, Citi etc. DTCC, ISMA also participated in this effort)
- Creates a background for on-chain storage of data (especially extraction of lineage)
- Aids in legal arbitration and clear evidence about contracts for regulators and in case of dispute- allows easy access to this data
- Briefly touched upon the status of digital assets trading, settlements and custody solution being built by Swapshub under CDM
- Extension of CDM from Contractual products to other types of securities (Equities, credit products, FX etc.) currently only functions as underlying
- How standards help interoperability.
- mani pillai will share appropriate slides after a consultation with Vipin Bharathan
- More detail can be found in recording.
- We could not go into cash on ledger details but touched on the subject briefly
- We went into status of existing projects; since most of the project owners were not present we went through several projects and Ron Quarantaexpressed interest put himself in as collaborator on a couple of projects, namely tokensisation and regulation.
- We need to discuss how to collaborate further on these.
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