ISDA’s analysis of credit default swap (CDS) market size and structure reveals that market risk transfer activity (MRTA) in single-name CDS has been steady since 2016. The analysis also shows that the universe of single-name CDS with MRTA remains large. Over 500 names generated MRTA in each quarter over the past five and a half years. At the same time, MRTA is rather concentrated – 27 names account for about 45% of total single-name CDS MRTA. Meanwhile, MRTA in index CDS leveled off in 2016, and has been on an upward trend since the beginning of 2017.
This analysis explores credit derivatives market size from the start of 2014 until the middle of 2019, using data from the Depository Trust & Clearing Corporation Trade Information Warehouse.
Documents (1) for Global Credit Default Swaps Market Study
Latest
Market Transformation – IQ May 2026
On the 250th anniversary of American independence, this year’s ISDA Annual General Meeting (AGM) was held in Boston, a city that played a prominent role in the American Revolution. In his opening remarks, ISDA chief executive Scott O’Malia drew a...
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
Letter to EC and ESMA on Derivatives Framework
On March 27, ISDA sent a letter to the European Commission (EC) and the European Securities and Markets Authority (ESMA) to highlight several technical issues arising from the interaction between the delegated regulation (EU) 2025/1003 on identifying reference data to...
Response on Proposed Changes to Transaction Rules
On May 22, ISDA and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association submitted a joint response to the Australian Securities and Investments Commission's (ASIC) consultation on proposed changes to the ASIC Derivative Transaction Rules (Reporting)...