The latest ISDA SwapsInfo Quarterly Review shows that trading volume for interest rate derivatives (IRD) and credit derivatives increased in 2022 compared to the previous year.
Key highlights for the full year 2022 include:
- Total IRD traded notional rose by 26.7% to $292.8 trillion in 2022 from $231.2 trillion in 2021. Trade count increased by 20.5% to 2.3 million from 1.9 million over the same period.
- Cleared IRD transactions represented 74.7% of total IRD traded notional and 76.0% of total trade count.
- IRD traded on swap execution facilities (SEFs) made up 58.4% of total IRD traded notional and 69.6% of total trade count.
- Credit derivatives traded notional increased by 50.8% to $14.4 trillion in 2022 from $9.5 trillion in 2021. Trade count grew by 63.3% to 396.9 thousand from 243.1 thousand over the same period.
- Cleared credit derivatives transactions accounted for 83.7% of total credit derivatives traded notional and 88.0% of total trade count.
- SEF-traded credit derivatives comprised 82.6% of total credit derivatives traded notional and 87.1% of trade count.
Click on the PDF below to read the full summary and/or full report.
Documents (2) for SwapsInfo Full Year 2022 and the Fourth Quarter of 2022 Review
Latest
Response to EC Call for Evidence on Tax Omnibus
On March 30, ISDA, the International Securities Lending Association and the Association for Financial Markets in Europe responded to the European Commission’s (EC) call for evidence on the tax omnibus. The associations argue that inconsistent interpretation of “beneficial ownership” among...
Managing Risk for Australian Superannuation Funds
Assets managed by the Australian superannuation sector reached A$4.5 trillion in December 2025, equivalent to around 160% of Australia’s GDP. Given its size, the sector has rapidly expanded its global footprint, with the share of offshore investments growing as a...
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.
Next Steps on a Much Improved Basel III Endgame
Publication of the revised Basel III endgame proposal earlier this month marks an important step towards completion of the global capital reforms, giving banks much-needed clarity on the likely calibration of the rules in the US. The new proposal is...