1. Research
  2. SwapsInfo
  3. SwapsInfo Full Year 2021 and the Fourth Quarter of 2021 Review

SwapsInfo Full Year 2021 and the Fourth Quarter of 2021 Review

Research
SwapsInfo February 3, 2022
< 1  min.read

The latest ISDA SwapsInfo Quarterly Review shows that trading volume for interest rate derivatives (IRD) increased, while trading volume for credit derivatives decreased in the full year 2021 compared to the full year 2020.

Key highlights for the full year 2021 include:

  • IRD traded notional increased by 0.5% to $231.0 trillion in 2021 from $229.7 trillion in 2020. Trade count rose by 19.5% to 1.9 million from 1.6 million over the same period.
  • Cleared IRD transactions represented 75.6% of total IRD traded notional and 72.3% of total trade count.
  • IRD traded on swap execution facilities (SEFs) represented 65.5% of total IRD traded notional and 66.7% of trade count.
  • Credit derivatives traded notional decreased by 1.7% to $9.5 trillion in 2021 from $9.7 trillion in 2020. Trade count fell by 11.8% to 243.0 thousand from 275.4 thousand over the same period.
  • Cleared credit derivatives transactions represented 80.6% of total traded notional and 84.4% of total trade count.
  • SEF-traded credit derivatives represented 79.9% of total traded notional and 83.9% of total trade count.

Click on the attached PDFs to read the full summary and/or full report.

Tags:

,

Documents (2) for SwapsInfo Full Year 2021 and the Fourth Quarter of 2021 Review

Latest

ISDA Clearing Model Comparison

On February 1, 2024, ISDA published a comparison of available US Treasury (UST) clearing models, as well as models for clearing repos at other central counterparties (CCPs) globally and models for clearing derivatives. This comparison is intended to help market...

FRTB Impact on Correlation Trading

The capitalization of the correlation trading portfolio (CTP) under the Fundamental Review of the Trading Book will have an adverse economic impact for users of these instruments. In particular, there is a lack of clarity and consistency in the application...

A Path to Greater CFTC-SEC Alignment

Earlier this week, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) held a roundtable on regulatory harmonization – an initiative we wholeheartedly support. The US regulatory framework has evolved over time to facilitate financial markets...