ISDA has announced that Ark 51, an artificial intelligence (AI) and data analytics service developed by legal services provider DRS, has used the Common Domain Model (CDM) to convert information from ISDA's regulatory initial margin (IM) and variation margin (VM) credit support annexes (CSAs) into digital form.
Ark 51 is a contract and risk management system that uses AI to extract key data from legal agreements, including IM and VM CSAs. The CDM transforms that data into a machine-readable format that can be quickly and efficiently exported to other systems, cutting the resources associated with manual processing.
For more info on the collaboration, read ISDA’s announcement here.