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
Joint Response to EBA Consultation
On August 12, ISDA and the Association for Financial Markets in Europe (AFME) responded to the European Banking Authority’s discussion paper on certain taxonomy key performance indicators (KPIs) and other aspects of the Disclosures Delegated Act under Article 8 of...
Response to JSCC on Clearing Fund Consolidation
On August 12, ISDA responded to the Japan Securities Clearing Corporation’s (JSCC) consultation on its proposal to consolidate clearing fund consumption, calculation and deposit segmentation across six clearing qualifications under the Financial Instruments and Exchange Act. ISDA members broadly support...
Response on CSDD Guidelines
On August 6, ISDA responded to the European Commission’s (EC) consultation on due diligence guidelines under the Corporate Sustainability Due Diligence Directive (CSDDD). While ISDA acknowledges that model contractual clauses can be a helpful resource for in-scope companies, there are...
Response to BoE on Extension of Settlement Hours
On August 6, ISDA responded to the Bank of England’s (BoE) consultation paper on the extension of settlement hours for RTGS and CHAPS, the UK’s high-value payment system. ISDA supports the BoE’s plan to extend RTGS and CHAPS settlement hours...