The latest ISDA SwapsInfo Quarterly Review shows that trading volume for interest rate derivatives (IRD) and credit derivatives increased in the third quarter of 2022 compared to the third quarter of 2021.
Key highlights for the third quarter of 2022 include:
- IRD traded notional rose by 38.1% to $68.5 trillion in the third quarter of 2022 from $49.6 trillion in the third quarter of 2021. Trade count increased by 30.0% to 563.8 thousand from 433.8 thousand over the same period.
- Cleared IRD transactions represented 75.2% of total IRD traded notional and 77.6% of total trade count.
- IRD traded on swap execution facilities (SEFs) represented 58.9% of total IRD traded notional and 71.4% of trade count.
- Credit derivatives traded notional increased by 56.0% to $3.6 trillion in the third quarter of 2022 from $2.3 trillion in the third quarter of 2021. Trade count grew by 80.6% to 100.0 thousand from 55.4 thousand over the same period.
- Cleared credit derivatives transactions accounted for 85.1% of total traded notional and 88.9% of total trade count.
- SEF-traded credit derivatives comprised 84.1% of total traded notional and 88.1% of trade count.
Click on the attached PDFs to read the full summary and/or full report.
Documents (2) for SwapsInfo Third Quarter of 2022 and Year-to-September 30, 2022 Review
Latest
Key Trends in OTC Derivatives Market H2 2025
The latest data from the Bank for International Settlements over-the-counter (OTC) derivatives statistics shows an increase in notional outstanding of OTC derivatives during the second half of 2025 compared to the same period in 2024. Notional outstanding rose across all...
ISDA-SIFMA letter to SEC on Swap Dealer Thresholds
ISDA and SIFMA have submitted a comment letter to the SEC in response to the staff report on the definitions of “security-based swap dealer” and “major security-based swap participant.” The associations recommend maintaining the current de minimis thresholds for both...
ISDA responds to RBI consultation on SA-CCR
On July 1, ISDA responded to the Reserve Bank of India's (RBI) consultation on draft amendment directions on the standardized approach for counterparty credit risk (SA-CCR). ISDA broadly welcomes the RBI's move to SA-CCR and updated capital treatment for exposures...
Data Subject Access Request Form
Pursuant to its mission to promote safe and efficient markets within the over-the-counter (OTC) derivatives industry, The International Swaps and Derivatives Association, Inc. (ISDA) processes personal data of its employees, members and non-members (for example individuals attending ISDA conferences or...