The latest ISDA SwapsInfo Quarterly Review shows that traded notional for both interest rate derivatives (IRD) and credit derivatives increased during the third quarter of 2021 compared to the third quarter of 2020.
Key highlights for the third quarter of 2021 include:
- IRD traded notional increased by 8.9% to $49.6 trillion in the third quarter of 2021 from $45.5 trillion in the third quarter of 2020. Trade count rose by 21.0% to 434.8 thousand from 359.3 thousand over the same period.
- Cleared IRD transactions comprised 77.1% of total IRD traded notional and 73.2% of total trade count.
- IRD traded on a swap execution facility (SEF) represented 65.2% of total IRD traded notional and 66.1% of trade count.
- Credit derivatives traded notional increased by 17.7% to $2.1 trillion in the third quarter of 2021 versus $1.8 trillion in the third quarter of 2020. Trade count fell by 2.6% to 52.1 thousand from 53.5 thousand over the same period.
- Cleared credit derivatives transactions made up 81.1% of total traded notional and 84.2% of total trade count.
- SEF-traded credit derivatives comprised 79.9% of total traded notional and 83.2% of total trade count.
Click on the attached PDFs to read the full summary and/or full report.
Documents (2) for SwapsInfo Third Quarter of 2021 and Year-to-September 30, 2021 Review
Latest
ISDA Response to CFTC on 24/7 Trading
On May 21, ISDA, the Securities Industry and Financial Markets Association (SIFMA) and its asset management group (SIFMA AMG) submitted a joint response to the US Commodity Futures Trading Commission’s (CFTC) request for comment on 24/7 trading and clearing. The...
ISDA AGM Studio: Jack Hattem and Jared Noering
Jack Hattem, ISDA board member and managing director, global fixed income at BlackRock, and Jared Noering, ISDA board member and global head of fixed income trading at NatWest Markets, talk to Nick Sawyer, ISDA’s global head of communications, on how...
ISDA Publishes ISDA SIMM® Version 2.7+2412
This version of the ISDA SIMM has updates that are based only on the full recalibration of the model and marks the first ISDA SIMM version publication of the new semiannual calibration cycle in 2025. The ISDA SIMM methodology remains...
ISDA AGM Studio: José Manuel Campa, EBA
José Manuel Campa, chairperson of the European Banking Authority, speaks to Mark Gheerbrant, ISDA’s global head of risk and capital, about concerns over differences in timing and content of the Basel III reforms across jurisdictions and what can be done...