CFTC Weekly Swaps Report: Over $215 Trillion in Interest Rate Swap Volume Cleared From March 10-14

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 cleared notional outstanding volume stood at more than $215 trillion for interest rate swaps (IRS) and 2.4 trillion for credit default swaps (CDS) through the week ending March 14, 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, cleared IRS volume was approximately $3.22 trillion and cleared CDS volume was $255 billion through the second full week of March, as seen in the snapshot below:

CFTC 3 27 14 2

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