Gross Notional Outstanding - Credit (Millions of USD) - 09/09/2022

CDS by Product & Cleared Status

Product Cleared2 Uncleared Total
Index Tranche / Index 2,398,044 1,925,375 4,323,419
Asia 65,808 52,281 118,088
Europe 1,216,961 742,358 1,959,319
North America 1,068,368 1,044,109 2,112,478
Other 46,908 86,627 133,535
OTHER* 11,961 1,091,417 1,103,378
TOTAL 2,410,006 3,016,792 5,426,797
       
* Includes exotic credit products, swaptions, and total return swaps.

CDS by Product & Grade

Product HY6 IG Other Total
Index Tranche 87,240 176,361 0 263,601
Index 739,521 3,184,886 135,411 4,059,818
Asia 0 118,088 0 118,088
Europe 347,555 1,481,372 0 1,828,927
North America 391,966 1,585,426 3,255 1,980,647
Other 0 0 132,156 132,156
OTHER* 229,959 788,590 84,830 1,103,378
TOTAL 1,056,719 4,149,837 220,241 5,426,797
         
* 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* 3,296,164 4,150,022 1,523,847 1,883,562
Asia 113,719 81,724 17,897 22,837
Europe 1,885,936 1,075,203 547,986 409,513
North America 1,213,688 1,540,447 923,048 547,772
Other 82,821 1,452,647 34,916 903,441
TOTAL 3,296,164 4,150,022 1,523,847 1,883,562
         
* Includes exotic credit products, swaptions, and total return swaps.

CDS by Product, Participant Type & Grade

  Swap Dealers/MSPs5 Others
Product HY6 IG Other HY IG Other
Index Tranche 124,873 250,352 0 49,607 102,370 0
Index 959,878 4,573,859 197,615 519,164 1,795,913 73,207
Asia 0 195,443 0 0 40,734 0
Europe 501,205 2,274,627 0 193,904 688,117 0
North America 458,672 2,103,789 4,464 325,260 1,067,062 2,045
Other 0 0 193,150 0 0 71,162
OTHER* 282,624 961,364 95,621 177,293 615,816 74,039
TOTAL 1,367,375 5,785,575 293,235 746,064 2,514,099 147,246
             
* Includes exotic credit products, swaptions, and total return swaps.

Notes

Gross notional amount outstanding, current weekly snapshot, by product type and cleared status (millions of USD), all participant types, tenors and currencies. For cleared swaps, this table reflects only one of the two swaps that results from the clearing process; therefore, the numbers on this table are analogous to the notional value of futures open interest.
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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