The latest ISDA SwapsInfo Quarterly Review shows that trading volume for interest rate derivatives (IRD) and credit derivatives increased in the first quarter of 2022 compared to the first quarter of 2021.
Key highlights for the first quarter of 2022 include:
- IRD traded notional increased by 22.5% to $86.1 trillion in the first quarter of 2022 from $70.3 trillion in the first quarter of 2021. Trade count rose by 7.0% to 577.2 thousand from 539.5 thousand over the same period.
- Cleared IRD transactions represented 74.1% of total IRD traded notional and 72.8% of trade count.
- IRD traded on swap execution facilities (SEFs) represented 57.8% of total IRD traded notional and 66.0% of trade count.
- Credit derivatives traded notional increased by 69.9% to $4.5 trillion in the first quarter of 2022 from $2.6 trillion in the first quarter of 2021. Trade count grew by 62.6% to 113.6 thousand from 69.8 thousand over the same period.
- Cleared credit derivatives transactions represented 83.1% of total traded notional and 87.6% of total trade count.
- SEF-traded credit derivatives represented 82.2% of total traded notional and 86.9% of trade count.
Click on the attached PDFs to read the summary and/or full report.
Documents (2) for SwapsInfo First Quarter of 2022 Review
Latest
Expanding the Universe of Eligible VM
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ISDA Response on Hedge Accounting Guidance
On August 14, ISDA responded to an exposure draft from the Financial Accounting Standards Board (FASB). ISDA broadly supports the FASB’s proposed targeted improvements to hedge accounting, including allowing interest rate hedging of held-to-maturity (HTM) debt securities, recognizing all Secured...
Joint Response to EBA Consultation
On August 12, ISDA and the Association for Financial Markets in Europe (AFME) responded to the European Banking Authority’s discussion paper on certain taxonomy key performance indicators (KPIs) and other aspects of the Disclosures Delegated Act under Article 8 of...
Response to JSCC on Clearing Fund Consolidation
On August 12, ISDA responded to the Japan Securities Clearing Corporation’s (JSCC) consultation on its proposal to consolidate clearing fund consumption, calculation and deposit segmentation across six clearing qualifications under the Financial Instruments and Exchange Act. ISDA members broadly support...