CFTC Weekly Swaps Report: Over $202 Trillion in Interest Rate Swaps Volume Cleared Through January 17

Jan 30, 2014 | FinRegAlert

CFTC Weekly Swaps Report: Over $202 Trillion in Interest Rate Swaps Volume Cleared Through January 17

BY FINREGALERT

As part of its efforts to encourage transparency in the swaps market, the CFTC developed a Weekly Swaps Report, which provides a detailed view of trading activity in the swaps market. 

The latest report shows that a total of over $202 trillion in gross notional outstanding interest rate swaps (IRS) and $2 trillion in credit default swaps (CDS) were cleared during the week ending January 17, 2014.  The full break-out of gross notional outstanding swaps volume can be accessed here; following is a snapshot:

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In terms of weekly dollar transaction volume, approximately $2.3 trillion in IRS transactions and $199 billion in CDS transactions were cleared in the second full week of January, as seen in the snapshot below:

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We’ll continue to keep track of the Weekly Swaps Report in monitoring the industry’s ongoing transition to regulated, electronic swaps trading.