The latest ISDA SwapsInfo Quarterly Review shows that trading volumes for both interest rate derivatives (IRD) and credit derivatives decreased during the first half of 2021 compared to the first half of 2020.
Key highlights for the first half of 2021 include:
- IRD traded notional decreased by 16.0% to $121.0 trillion in the first half of 2021 from $144.0 trillion in the first half of 2020. Trade count grew by 9.8% to 981.0 thousand from 893.4 thousand over the same period.
- Cleared IRD transactions represented 75.7% of total traded notional and 71.5% of total trade count.
- IRD traded on a swap execution facility (SEF) represented 69.8% of total traded notional and 67.3% of total trade count.
- Credit derivatives traded notional decreased by 26.1% to $4.5 trillion in the first half of 2021 from $6.1 trillion in the first half of 2020. Trade count dropped by 29.8% to 118.7 thousand from 169.1 thousand over the same period.
- Cleared credit derivatives transactions represented 80.4% of total traded notional and 83.8% of total trade count.
- SEF-traded credit derivatives represented 80.1% of total traded notional and 83.5% of total trade count.
Click on the attached PDFs to read the full summary and/or full report.
Documents (2) for SwapsInfo First Half of 2021 and the Second Quarter of 2021 Review
Latest
ISDA Response to FCA on Fund Tokenization
On November 21, ISDA responded to the Financial Conduct Authority’s (FCA) consultation paper CP25/28 on progressing fund tokenization. In the response, ISDA focuses on the use of tokenized assets as both cleared and non-cleared derivatives collateral. Tokenization presents a significant...
ISDA Requests FASB to Consider ASC 815
On November 19, ISDA submitted a request to the Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board (FASB) to clarify whether FASB Accounting Standards Codification (ASC) 815 does not prohibit using the spot method to assess hedge...
ISDA Response to CFTC Tokenized Collateral and Stablecoin Initiative
ISDA has responded to the CFTC’s Request for Input on the Tokenized Collateral and Stablecoin Initiative, offering perspectives on how tokenization and GENIUS Act–compliant payment stablecoins might contribute to more efficient and resilient collateral practices in derivatives markets. The letter...
Protected: 2025 Year-End Bonus Election Form
This content is password protected. To view it please enter your password below: Password: