Gross Notional Outstanding - Credit (Millions of USD)

CDS by Product & Cleared Status

Product Cleared2 Uncleared Total
Index Tranche / Index 2,147,813 1,371,221 3,519,035
Asia 64,401 64,379 128,780
Europe 1,142,723 560,059 1,702,782
North America 899,814 680,506 1,580,319
Other 40,876 66,278 107,154
OTHER* 8,450 1,061,909 1,070,359
TOTAL 2,156,263 2,433,131 4,589,394
       
* Includes exotic credit products, swaptions, and total return swaps.

CDS by Product & Grade

Product HY6 IG Other Total
Index Tranche 69,824 164,069 0 233,893
Index 563,517 2,614,358 107,267 3,285,141
Asia 0 128,780 0 128,780
Europe 261,920 1,318,053 0 1,579,974
North America 301,597 1,167,525 3,310 1,472,431
Other 0 0 103,957 103,957
OTHER* 169,239 817,820 83,300 1,070,359
TOTAL 802,580 3,596,247 190,567 4,589,394
         
* 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* 2,872,408 3,183,323 1,440,118 1,682,939
Asia 106,494 104,304 22,307 24,453
Europe 1,728,599 800,770 556,847 319,348
North America 973,176 949,738 826,451 411,273
Other 64,139 1,328,511 34,513 927,865
TOTAL 2,872,408 3,183,323 1,440,118 1,682,939
         
* 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 100,874 229,379 0 38,774 98,759 0
Index 685,915 3,648,875 145,091 441,119 1,579,840 69,443
Asia 0 210,798 0 0 46,761 0
Europe 357,815 1,998,030 0 166,026 638,077 0
North America 328,099 1,440,047 4,346 275,094 895,003 2,274
Other 0 0 140,745 0 0 67,169
OTHER* 204,631 952,852 88,115 133,847 682,789 78,486
TOTAL 991,420 4,831,106 233,206 613,741 2,361,387 147,929
             
* 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.
The Commission requests feedback on the format and content of this CFTC Swaps Report table. Submit comments to [email protected]