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SimonCockx committed Oct 6, 2023
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10 changes: 7 additions & 3 deletions README.md
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**2.2.1 CDM Steering Working Group Purpose:** The Steering Working Group is responsible for developing the technical and modelling guidelines, setting and revising the project’s strategic roadmap, and for vetting proposed changes. The CDM Steering Working Group may approve or establish additional working groups.

**2.2.2 Appointment of CDM Steering Working Group Maintainers:**
**2.2.2 Appointment of CDM Maintainers:**

* At the launch of the project, up to two initial Maintainers will be nominated by ICMA, ISDA, and ISLA (collectively, the “trade associations”).
* Additional CDM Steering Group Maintainers may be proposed by Participants. Proposed maintainers will be approved via consensus of the Participants and with agreement of existing Maintainers, and should meet the following criteria:
* Maintainers can be of one of two types: Organisational Representative (OrgRep) or Private individual. Private individuals are maintainers in their own right, acting on their own volition and not representing another legal entity. OrgReps are appointed by their organisation, acting on behalf and for that organisation. In this case it is the organisation which will be subject to any vote on maintainer membership. Organisations are recommended to appoint at least two representatives for coverage purposes. Those representatives can be changed at any time, without any voting process by other maintainers or community Participants, by the organisation in order to cater for staff changes.
A list of Maintainers along with their type will be kept visible within the governance documentation provided on the repo and mini-site.

* Additional CDM Maintainers may be proposed by Participants. Proposed new Private individuals or new organisations will be approved via consensus of the Participants and with agreement of existing Maintainers, and should meet the following criteria:
* Proven experience in data modelling and/or software development in financial markets.
* In-depth understanding and proven track record of contribution to the CDM, as well as other data standards (such as ISO) and messaging protocols (such as FIX, FpML or Swift).

*Private individuals and Organisations may choose to rescind their maintainership at will but must notify the other maintainers. OrgReps may be replaced by their organisations at any time. Any entity who has chosen to rescind their maintainership, but then at a later time would like to re-join the maintainer team, is subject to the voting process outlined above. Additionally any OrgRep who has been replaced by their organisation, but wishes to remain a maintainer as a Private Individual will also need to go through the voting process

**2.2.3 CDM Steering Working Group Decision Making:** As outlined in [governance.md](https://github.com/finos/standards-project-blueprint/blob/master/governance-documents/5._Governance.md#2decision-making), The CDM Steering Working Group will operate by consensus-based decision-making. Maintainers are responsible for determining and documenting when consensus has been reached. In the event a clear consensus is not reached, Maintainers may call for a simple majority vote of Participants to determine outcomes.

**2.2.4 CDM Steering Working Group Appointment of the Editor(s):** Editors will review and implement pull requests not expressed in code, test and release new functionalities, resolve bugs and implement approved improvements.
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21 changes: 10 additions & 11 deletions ROADMAP.md
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## International Swaps and Derivatives Association (ISDA)
* Enhancements to CDM to support Digital Regulatory Reporting (DRR):
- Exchange traded derivatives (ETD)
- ETD transactions (new type of product for CDM)
- Target for initial contribution c. late July/early Aug 2023
- ETD transactions (new type of product for CDM) - COMPLETED
- ETD positions
- Target for initial contribution c. late Aug 2023
- Commodity derivatives
- Target for initial contribution on position state- MVP for EMIR Reporting by late Oct
- Model enhancement to state transition of a position to support position reporting- November
- Commodity derivatives- MVP for EMIR Reporting by late Oct
- Support for financially settled and physically settled commodity derivatives
- Mostly implemented as enhancements to CommodityPayout
- Target for initial contribution c. Sept 2023
- Valuation and Collateral
- Enhancements to existing models and new types
- Target for initial contribution c. Sept 2023
- Trade Valuation
- Enhancements to existing models and new types- COMPLETED
- Representation of trade valuation report event- TBC, Potential for November
- Margin Reporting- Completed for reporting use cases
- Additional new features may also needed:
- dynamic code list validation
- min/max on quantity schedules
* On-going support and maintenance of CDM to support ISDA needs
- Minor enhancements to collateral model
- Possible minor enhancements to the Legal Agreement model to support additions to internal ISDA models for Credit Support Annex (CSA) versions and elections which are built on CDM
- Timing on these minor enhancements above is TBD
- Possible minor enhancements to the Legal Agreement model to support additions to internal ISDA models for Credit Support Annex (CSA) versions and elections which are built on CDM
- Estimate for contribution of these is Q1 2024

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