The latest ISDA SwapsInfo Quarterly Review shows that trading volumes for interest rate derivatives (IRD) decreased, while trading volumes for credit derivatives increased during the full year 2020 compared to the full year 2019.
Key highlights for the full year of 2020 include:
- IRD traded notional decreased by 10.2% to $230.6 trillion in the full year 2020 from $256.8 trillion in the full year 2019. Trade count grew by 6.3% to 1.6 million from 1.5 million over the same period.
- Cleared IRD transactions represented 90.2% of total traded notional and 83.9% of trade count.
- SEF-traded IRD represented 59.6% of total traded notional and 63.2% of trade count.
- Credit derivatives traded notional increased by 14.8% to $9.7 trillion in the full year 2020 from $8.5 trillion in the full year 2019. Trade count grew by 18.9% to 276.1 thousand from 232.1 thousand over the same period.
- Cleared credit derivatives transactions represented 82.5% of total traded notional and 82.1% of trade count.
- SEF-traded credit derivatives represented 78.9% of both total traded notional and trade count.
Click on the PDFs below to read the summary and/or the full report.
Documents (2) for SwapsInfo Full Year 2020 and the Fourth Quarter of 2020 Review
Latest
Expanding Legal Agreement Coverage in the CDM
This paper examines the recent extension of the Common Domain Model (CDM)1 to represent two of the most significant, and previously undeveloped, areas of its legal agreement model: umbrella agreements and contract amendments. Umbrella agreements are widely used to document...
ISDA Omnibus Canadian Representation Letter
On September 2, ISDA published the Omnibus Canadian Representation Letter, which combines previously published representation letters drafted to assist firms in compliance with Canadian trade reporting, business conduct, regulatory margin and clearing classification rules. The Omnibus Canadian Letter is designed...
Joint Response on Cross-margining
On August 31, ISDA and FIA submitted a letter to the US Commodity Futures and Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) on the agencies’ joint request for comment on the implementation of portfolio margining and cross-margining...
Accounting for Carbon Credits: Latest Developments
This paper updates and extends the analysis set out in ISDA’s October 2023 paper on accounting for carbon credits. While preserving the original focus on the accounting treatment of voluntary carbon credits (VCCs) and compliance carbon credits (CCCs), it expands...