The ISDA SwapsInfo Quarterly Review provides analysis of interest rate derivatives (IRD) and credit derivatives trading activity. The report provides a breakdown of cleared and non-cleared activity, swap execution facility (SEF) and off-SEF traded notional, product taxonomy and currency.
IRD and credit derivatives 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. This report covers only trades required to be disclosed under US regulations.
Key highlights for the full year 2019 include:
- IRD traded notional increased to $255.3 trillion from $236.6 trillion in 2018. Trade count grew to 1.5 million from 1.3 million over the same period.
- Cleared IRD transactions represented 88.9% of total traded notional compared with 88.1% in 2018.
- SEF-traded IRD represented 56.6% of total traded notional compared with 55.8% in 2018.
- Credit derivatives traded notional decreased to $8.4 trillion from $9.5 trillion in 2018. Trade count dropped to 231.2 thousand from 252.3 thousand over the same period.
- Cleared credit derivatives transactions represented 80.0% of total traded notional compared with 82.8% in 2018.
- SEF-traded credit derivatives represented 76.6% of total traded notional compared with 78.8% in 2018.
Click on the attached PDFs to read the summary and/or full report.
Documents (2) for SwapsInfo Full Year 2019 and the Fourth Quarter of 2019 Review
Latest
ISDA AGM Studio: Emmanuel Geinoz and Eleanor Kelly
Five jurisdictions went live with revised derivatives reporting rules in 2024, with more to follow in 2025 and beyond, putting reporting teams under extreme pressure to implement accurately and on time to avoid regulatory penalties. Emmanuel Geinoz, market infrastructure and...
ISDA AGM Studio: Tyler Wellensiek, Stephen Berger
The first phase of the Securities and Exchange Commission’s Treasury clearing mandate will come into effect in December 2026 – a requirement that will have a significant impact on both US and non-US market participants. Tyler Wellensiek, ISDA board member...
ISDA AGM Studio: Jacques Vigner, BNP Paribas
Jacques Vigner, ISDA board member and chief strategic oversight officer for global markets at BNP Paribas, speaks with Mark Gheerbrant, global head of risk and capital at ISDA, on the key obstacles to a consistent, risk-appropriate capital framework and how to...
ISDA AGM Studio: Future Leaders in Derivatives
Following publication of the latest whitepaper from the ISDA Future Leaders in Derivatives (IFLD) program, Collateral and Liquidity Efficiency in the Derivatives Market: Navigating Risk in a Fragile Ecosystem, Joel Clark talks to IFLD participants Koen Ottenheijm, senior treasury and...