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
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
ISDA/IIF Responds to the PRA Consultation
On July 30th, ISDA and IIF responded to the PRA consultation (CP10/25) on enhancing banks’ and insurers’ approaches to managing climate-related risks, which proposes updates to the Supervisory Statement 3/19 on climate-related risk management for banks and insurers. ISDA and...
ISDA Board Appoints New Chair
ISDA has announced that its Board of Directors has elected Amy Hong as its new Chair. Ms. Hong is Head of Strategy, Investments and Partnerships in the Global Banking & Markets division at Goldman Sachs, responsible for leading strategic initiatives...
Response on Scope of BMR
On July 28, ISDA and the Global Foreign Exchange Division of the Global Financial Markets Association responded to the European Commission’s (EC) consultation on the need to exempt spot foreign exchange (FX) benchmarks under Article 18a of the EU Benchmarks...