The latest ISDA SwapsInfo Quarterly Review shows that trading volumes for interest rate derivatives (IRD) and credit derivatives both increased during the first half of 2020 compared with the first half of 2019.
Key highlights for the first half of 2020 include:
- IRD traded notional increased by 4.3% to $143.9 trillion from $138.0 trillion in the first half of 2019. Trade count grew by 19.4% to 893.0 thousand from 747.6 thousand over the same period.
- Cleared IRD transactions represented 91.1% of total traded notional and 84.8% of total trade count.
- SEF-traded IRD represented 58.2% of total traded notional and 63.6% of total trade count.
- Credit derivatives traded notional increased by 40.6% to $6.1 trillion from $4.4 trillion in the first half of 2019. Trade count grew by 38.5% to 169.0 thousand from 122.0 thousand over the same period.
- Cleared credit derivatives transactions represented 83.0% of total traded notional and 82.6% of total trade count.
- SEF-traded credit derivatives represented 79.4% of total traded notional and 79.5% of total trade count.
Click on the PDFs below to read the summary and/or full report.
Documents (2) for SwapsInfo First Half of 2020 and Second Quarter of 2020 Review
Latest
Expanding Legal Agreement Coverage in the CDM
This paper examines the recent extension of the Common Domain Model (CDM)1 to represent two of the most significant, and previously undeveloped, areas of its legal agreement model: umbrella agreements and contract amendments. Umbrella agreements are widely used to document...
ISDA Omnibus Canadian Representation Letter
On September 2, ISDA published the Omnibus Canadian Representation Letter, which combines previously published representation letters drafted to assist firms in compliance with Canadian trade reporting, business conduct, regulatory margin and clearing classification rules. The Omnibus Canadian Letter is designed...
Joint Response on Cross-margining
On August 31, ISDA and FIA submitted a letter to the US Commodity Futures and Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) on the agencies’ joint request for comment on the implementation of portfolio margining and cross-margining...
Accounting for Carbon Credits: Latest Developments
This paper updates and extends the analysis set out in ISDA’s October 2023 paper on accounting for carbon credits. While preserving the original focus on the accounting treatment of voluntary carbon credits (VCCs) and compliance carbon credits (CCCs), it expands...