ISDA Launches RFQ for DRR traceability tool
31 October 2025 Global
Image: javu/stock.adobe.com
The International Swaps and Derivatives Association (ISDA) has launched a request for quote (RFQ) for the development of a traceability tool for its Digital Regulatory Reporting (DRR) solution.
The traceability tool aims to provide enhanced transparency for users of the ISDA DRR by pinpointing why and when certain DRR coding decisions were made, as well as how they tie back to regulatory requirements, providing a full audit trail of the coding process and allowing further validation of what is reported.
Specifically, the tool will use AI to extract information from minutes of ISDA working group meetings in order to map each DRR coding decision and explain why those decisions were made, therefore allowing firms to trace the lineage of what they report back to the final rules.
This mutualised tool is intended to further help firms meet their regulatory reporting obligations.
The ISDA DRR uses the Common Domain Model to convert an industry-agreed interpretation of regulatory reporting rules into clear, machine-readable code that enables firms to implement changes to reporting requirements cost-effectively and accurately.
The firm states that they have pledged to support 12 reporting rule sets in nine major jurisdictions and to maintain the DRR code as those rules evolve in future.
The traceability tool aims to provide enhanced transparency for users of the ISDA DRR by pinpointing why and when certain DRR coding decisions were made, as well as how they tie back to regulatory requirements, providing a full audit trail of the coding process and allowing further validation of what is reported.
Specifically, the tool will use AI to extract information from minutes of ISDA working group meetings in order to map each DRR coding decision and explain why those decisions were made, therefore allowing firms to trace the lineage of what they report back to the final rules.
This mutualised tool is intended to further help firms meet their regulatory reporting obligations.
The ISDA DRR uses the Common Domain Model to convert an industry-agreed interpretation of regulatory reporting rules into clear, machine-readable code that enables firms to implement changes to reporting requirements cost-effectively and accurately.
The firm states that they have pledged to support 12 reporting rule sets in nine major jurisdictions and to maintain the DRR code as those rules evolve in future.
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