1. Research
  2. Research Notes
  3. Interest Rates Derivatives: A Progress Report on Clearing and Compression

Interest Rates Derivatives: A Progress Report on Clearing and Compression

Research
Research Notes February 5, 2014
< 1  min.read

How much of the OTC derivatives market is cleared? How much remains to be cleared? What is the composition of the non-cleared segment of the market? Significant changes in the OTC derivatives market in recent years are altering its size and composition. Central clearing, for example, increases notional amounts outstanding, as one bilateral trade becomes two cleared transactions. Compression of both bilateral and cleared trades, on the other hand, reduces notional outstanding. New requirements related to margin for non-cleared trades may drive users of these instruments to cleared products or to other alternatives. Given these dynamics, ISDA conducted an analysis of the interest rate derivatives (IRD) market.

Documents (1) for Interest Rates Derivatives: A Progress Report on Clearing and Compression

Latest

CDS Governance Committee Public Consultation

ISDA is pleased to present the proposed Charter for the Credit Derivatives Governance Committee and accompanying DC Rule changes to implement. Pursuant to the announcement made in 2024, an ISDA working group formed from ISDA’s Credit Steering Committee has worked...

TD Securities Integrates ISDA Create

ISDA has announced that TD Securities has completed its integration of ISDA Create across its global suite of client trading and regulatory agreements. Powered by CreateiQ and S&P Global Market Intelligence, ISDA Create allows users to digitally transform the trading...

ISDA to Extend DRR to cover MIFID/MIFIR Reporting

ISDA has announced it will extend the ISDA Digital Regulatory Reporting (ISDA DRR) solution to cover reporting requirements under the EU and UK Markets in Financial Instruments Directive (MIFID) and Markets in Financial Instruments Regulation (MIFIR), and is working with...