Background

ISDA is working to enhance the legal documentation aspect of CDM. ISDA has reviewed the IM/VM and Legacy Credit Support documentation and is updating the model to accurately represent the clauses. This includes the elimination of duplications in the model.

Proposal

Create a base type ThresholdMinmumTransferAmountBase which is extended by threshold & minimum transfer amount types to for common zero events.

Threshold
- Merged Legacy threshold and threshold.
- Added party elections & changed infinity to boolean.
- Updated fixed amount to the money type.
- Updated descriptions and added conditions for robustness.

Minimum Transfer Amount
- Merged Legacy MTA and MTA.
- Added party elections.
- Updated fixed amount to the money type.
- Updated descriptions and added conditions for robustness.

Compatibility

Backward Incompatible

Release

CDM 7 Dev

Additional Context

No response