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
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...