Transaction Dollar Volume - Credit (Millions of USD) - 09/29/2023

CDS by Product & Cleared Status

Product Cleared2 Uncleared Total
Index Tranche / Index / Other* 704,055 173,762 877,817
Europe 162,959 26,647 189,606
North America 521,407 23,514 544,920
Other 19,689 123,601 143,290
TOTAL 704,055 173,762 877,817
       
* Includes exotic credit products, swaptions, and total return swaps.

CDS by Product & Grade

Product HY6 IG Other Total
Index Tranche / Index 282,161 456,801 11,422 750,384
OTHER* 22,910 102,397 2,125 127,432
TOTAL 305,071 559,198 13,547 877,817
         
* Includes exotic credit products, swaptions, and total return swaps.

CDS by Product, Participant Type & Cleared Status

  Swap Dealers/MSPs5 Others
Product Cleared2 Uncleared Cleared Uncleared
Index Tranche / Index / Other* 805,167 203,208 602,943 144,315
Europe 207,747 34,099 118,171 19,196
North America 573,783 24,090 469,030 22,938
Other 23,637 145,020 15,742 102,182
TOTAL 805,167 203,208 602,943 144,315
         
* Includes index tranche, index, exotic, swaptions, and total return swap credit products.

CDS by Product, Participant Type & Grade

  Swap Dealers/MSPs5 Others
Product HY6 IG Other HY IG Other
Index Tranche / Index 302,818 542,672 13,422 261,505 370,931 9,421
OTHER* 27,752 119,295 2,416 18,068 85,499 1,834
TOTAL 330,570 661,967 15,838 279,573 456,430 11,255
             
* Includes exotic credit products, swaptions, and total return swaps.
Swap dollar volumes for current week, by product type and major currency (notional value of all new trades in millions of USD), all participant types and tenors, cleared and uncleared. For cleared swaps, this table reflects the notional value of the creation of only one of the two swaps that results from the clearing process. Only the notional values of market-facing trades are included in dollar volumes and trade events including compressions, terminations, amendments, and novations, are excluded.
1 See Data Dictionary for product descriptions and Explanatory Notes for data sources.
2 See Explanatory Notes for cleared and uncleared descriptions.
3 See Explanatory Notes for currency descriptions.
4 See Explanatory Notes for tenor bucket descriptions.
5 See Explanatory Notes for participant type descriptions.
6 See Data Dictionary for grade descriptions.
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