The ISDA SwapsInfo Quarterly Review provides analysis of interest rate derivatives (IRD) and index credit default swap (CDS) trading activity. The report provides a breakdown of publicly available data to analyze the impact of regulatory change on swap execution facility (SEF) and bilateral trading volumes, as well as cleared and non-cleared activity.
IRD and index CDS traded notional and trade count data is taken from the ISDA SwapsInfo website (swapsinfo.org), using information from the Depository Trust & Clearing Corporation and Bloomberg swap data repositories (SDRs). This report covers only trades required to be disclosed under US regulatory guidelines
Key highlights for the full year 2017 include:
-
- IRD traded notional amount and trade count rose by 16.1% and 5.7%, respectively, compared to the 12 months ended December 31, 2016.
- Cleared IRD transactions represented 87.6% of traded notional and 80.3% of trade count.
- SEF-traded IRD represented 55.0% of notional and 58.9% of trade count.
- Index CDS traded notional and trade count fell by 6% and 17.5%, respectively, compared to the 12 months ended December 31, 2016.
- Cleared index CDS transactions represented 79.7% of traded notional amount and 79.8% of trade count.
- SEF-traded index CDS represented 74.9% of notional amount and 75.6% of trade count.
Documents (1) for SwapsInfo Full Year 2017 and Fourth Quarter 2017 Review
Latest
US Treasury Repo Clearing Indicators August 2026
The ISDA-Actrix US Treasury Repo Market Clearing Indicators illustrate central clearing adoption in the US Treasury repo market. Sponsored cleared repo volumes are used as a proxy to monitor client participation in central clearing, a key objective of the Securities...
Pursuing Efficiencies of Tokenization
As we mark the 10-year anniversary of the ISDA Standard Initial Margin Model (ISDA SIMM), which was launched in September 2016 to coincide with the first phase of initial margin (IM) requirements for non-cleared derivatives, we’ve been reflecting on its...
2026 ISDA Canada Conference Opening Remarks
2026 ISDA Canada Conference Toronto, September 24, 2026 Opening Remarks Katherine Tew Darras ISDA General Counsel Good morning and welcome to the 2026 ISDA Canada Conference. Thank you for joining us today and thanks to our sponsor, Osler, Hoskin...
Transition to Mandatory Central Clearing
US Treasury securities sit at the heart of global financial markets and serve as one of the primary forms of high-quality collateral across derivatives and securities financing markets. The transition to mandatory central clearing of US Treasuries therefore has implications...