CFTC Weekly Swaps Report: Over $205 Trillion in IRS Swaps Volume Cleared Through November 29

As part of its efforts toward greater transparency in the derivatives markets, the CFTC announced in November that it has created a Weekly Swaps Report, which provides a detailed view of trading activity in the swaps market. 

Now in its fifth installment, the report shows that a total of over $205 trillion in gross notional outstanding interest rate swaps and $2.4 trillion in credit default swaps (CDS) were cleared through the week ending November 29, 2013.  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 transaction volume, a total of $470 billion in IRS swaps transactions and $133 billion in CDS transactions were cleared in the final week of November, as seen in the snapshot below:

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We’ll continue to keep track of the Weekly Swaps Report as a pulse-check on the industry’s ongoing transition to regulated, electronic swaps trading.