The latest ISDA SwapsInfo Quarterly Review shows that trading volumes for interest rate derivatives (IRD) and credit derivatives both decreased during the third quarter of 2020 compared to the third quarter of 2019.
Key highlights for the third quarter of 2020 include:
- IRD traded notional decreased to $45.5 trillion from $68.8 trillion in the third quarter of 2019. Trade count fell to 359.1 thousand from 406.0 thousand over the same period.
- Cleared IRD transactions represented 89.9% of total traded notional and 83.6% of trade count.
- SEF-traded IRD represented 64.4% of total traded notional and 63.4% of trade count.
- Credit derivatives traded notional decreased to $1.8 trillion in the third quarter of 2020 from $2.4 trillion in the third quarter of 2019. Trade count fell to 53.4 thousand from 61.6 thousand over the same period.
- Cleared credit derivatives transactions represented 82.2% of total traded notional and 81.6% of trade count.
- SEF-traded credit derivatives represented 78.9% of total traded notional and 78.9% of trade count.
Click on the PDFs below to read the summary and/or full report.
Documents (2) for SwapsInfo Third Quarter of 2020 and Year-to-September 30, 2020 Review
Latest
ISDA, FIA, GFMA, CMC, CMCE Respond to IOSCO on Best Practices for OTC Commodity Derivatives
ISDA, FIA, the Global Financial Markets Association (GFMA), the Commodity Markets Council (CMC) and the Commodity Markets Council Europe (CMCE), have responded to the International Organization of Securities Commissions' (IOSCO) consultation report on best practices for over-the-counter (OTC) commodity derivatives...
Joint Response to 2026 US G-SIB Surcharge Proposal
On June 18, ISDA, the Securities Industry and Financial Markets Association and the Institute of International Finance submitted a joint response to US agencies on proposed changes to the surcharge for global systemically important banks (G-SIBs). The associations welcome the...
Eyeing the Basel III Finish Line
An effective regulatory capital framework relies on multiple ingredients, from appropriate drafting to rigorous testing and consultation. Even minor calibration distortions can inflate capital requirements, which could negatively affect the capacity of banks to support deep and liquid markets, with...
Joint Comment Letter on Basel III Endgame Proposal
The Institute of International Finance (IIF), the International Swaps and Derivatives Association, Inc. (ISDA) and the Securities Industry and Financial Markets Association (SIFMA) today submitted a joint comment letter to the Board of Governors of the Federal Reserve System, the...