Gross Notional Outstanding by Cleared Status (Millions of USD) - Open Interest Equivalent (Double-Count) - 02/28/2025

Gross Notional by Participant Type

	January 31	February 07	February 14	February 21	February 28
Total Interest Rate*	610,377,881	608,500,107	625,132,859	628,145,349	626,279,790
SDs and MSPs**	426,836,856	426,390,138	438,147,267	439,468,603	437,709,115
Other	183,541,025	182,109,969	186,985,592	188,676,745	188,570,675
Total Credit	9,549,359	9,391,529	9,619,227	9,077,787	9,223,053
SDs and MSPs	6,517,859	6,335,049	6,490,070	6,142,558	6,237,352
Other	3,031,501	3,056,480	3,129,157	2,935,229	2,985,701
Total FX	136,116,564	133,502,045	136,284,417	137,050,892	146,580,949
SDs and MSPs	103,513,691	101,883,907	104,019,247	104,223,434	110,793,636
Other	32,602,874	31,618,138	32,265,170	32,827,458	35,787,313
TOTAL	756,043,804	751,393,681	771,036,503	774,274,028	782,083,792

Weekly snapshot, gross notional amount outstanding by asset class and participant type (millions of USD), all products, origins, currencies, tenors, and participant types, cleared and uncleared. For cleared swaps, the notional value for each of the two resulting swaps is attributed only to the counterparty facing the clearing organization (i.e., the clearing organization’s participation is not displayed). For uncleared swaps, the notional value of the swap is attributed to both swap counterparties. Because this table shows the aggregated notional values of swaps by participant, the totals on this table are twice those displayed on the "Gross Notional Outstanding by Cleared Status" table.

* See Data Dictionary for asset class descriptions and Explanatory Notes for data sources.

** See Explanatory Notes for participant type descriptions.

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