The latest ISDA SwapsInfo Quarterly Review shows that trading volumes for both interest rate derivatives (IRD) and credit derivatives decreased during the first quarter of 2021 compared to the first quarter of 2020.
Key highlights for the first quarter of 2021 include:
- IRD traded notional decreased by 18.3% to $71.2 trillion in the first quarter of 2021 from $87.2 trillion in the first quarter of 2020. Trade count grew by 14.0% to 549.6 thousand from 482.1 thousand over the same period.
- Cleared IRD transactions comprised 75.1% of total traded notional and 70.9% of total trade count.
- IRD traded on swap execution facilities (SEFs) represented 68.7% of total traded notional and 66.9% of total trade count.
- Credit derivatives traded notional decreased by 32.9% to $2.6 trillion in the first quarter of 2021 from $3.9 trillion in the first quarter of 2020. Trade count fell by 32.0% to 69.7 thousand from 102.4 thousand over the same period.
- Cleared credit derivatives transactions represented 81.8% of total traded notional and 84.5% of total trade count.
- SEF-traded credit derivatives represented 81.5% of total traded notional and 84.3% of total trade count.
Click on the attached PDFs to read the summary and/or full report.
Documents (2) for SwapsInfo First Quarter of 2021 Review
Latest
S&P Global Selected as DC Administrator
ISDA and the Credit Derivatives Governance Committee have announced that S&P Global Market Intelligence has been selected as the administrator for the Credit Derivatives Determinations Committees (DCs). The announcement follows an invitation to tender in November 2025. The DC administrator...
Supporting ISDA SIMM Adoption in Australia
Derivatives have become a critical tool for Australia’s massive superannuation sector, as funds look to manage the risks associated with their expanding offshore investments. The use of derivatives brings real risk management benefits, but it also means funds need to...
ISDA, GDF Respond to the Central Bank of Ireland on DLT and Tokenization
On June 3, ISDA and Global Digital Finance responded to the Central Bank of Ireland’s discussion paper on distributed ledger technology (DLT) and tokenization in financial services. The response focuses on the potential role of DLT and tokenization within wholesale...
Response to Consultation on Dividend Stripping
On May 28, ISDA and the Association for Financial Markets in Europe (AFME) responded to the Dutch Ministry of Finance’s consultation on additional anti-dividend stripping measures, urging that the proposed rules should target only abusive arrangements and not ordinary, commercially...