Gross Notional Outstanding - Interest Rate (Millions of USD) - 01/03/2025
IRS by Product & Cleared Status
| Product1 | Cleared2 | Uncleared | Total |
| Basis | 9,925,836 | 972,732 | 10,898,568 |
| Fixed-Float | 70,132,040 | 5,045,571 | 75,177,611 |
| OIS | 145,571,008 | 5,808,386 | 151,379,394 |
| Swaption | 0 | 21,939,513 | 21,939,513 |
| OTHER* | 20,730,745 | 2,913,005 | 23,643,751 |
| TOTAL | 246,359,629 | 36,679,208 | 283,038,837 |
| * Includes the following products: Cap/Floor, Debt Option, Exotic, Fixed-Fixed, FRA, and Inflation. |
IRS by Product & Major Currency
| Product1 | USD3 | EUR | GBP | JPY | AUD | Other | Total |
| Basis | 6,710,485 | 1,169,107 | 59,131 | 128,273 | 2,683,090 | 148,483 | 10,898,568 |
| Fixed-Float | 1,973,679 | 44,413,489 | 77,163 | 1,717,770 | 8,455,513 | 18,539,997 | 75,177,611 |
| OIS | 70,224,951 | 27,374,664 | 20,103,179 | 9,779,906 | 2,843,750 | 21,052,944 | 151,379,394 |
| Swaption | 12,131,339 | 6,974,253 | 1,562,013 | 975,887 | 170,988 | 125,033 | 21,939,513 |
| OTHER* | 3,072,069 | 16,162,296 | 2,023,654 | 21,428 | 14,501 | 2,349,802 | 23,643,751 |
| TOTAL | 94,112,523 | 96,093,809 | 23,825,140 | 12,623,265 | 14,167,842 | 42,216,259 | 283,038,837 |
| * Includes the following products: Cap/Floor, Debt Option, Exotic, Fixed-Fixed, FRA, and Inflation. |
IRS by Product & Tenor
| Product1 | 0-34 | 3-6 | 6-12 | 12-24 | 24-60 | 60+ | Total |
| Basis | 2,201,372 | 243,575 | 1,281,401 | 1,090,113 | 2,460,552 | 3,621,555 | 10,898,568 |
| Fixed-Float | 6,494,489 | 2,642,648 | 8,910,862 | 10,032,844 | 19,390,148 | 27,706,620 | 75,177,611 |
| OIS | 44,328,183 | 3,977,247 | 16,572,639 | 18,412,273 | 31,650,421 | 36,438,631 | 151,379,394 |
| Swaption | 1,712,755 | 1,939,562 | 4,636,025 | 4,216,067 | 4,705,328 | 4,729,778 | 21,939,513 |
| OTHER* | 15,684,126 | 92,348 | 750,863 | 714,494 | 2,139,786 | 4,262,133 | 23,643,751 |
| TOTAL | 70,420,925 | 8,895,379 | 32,151,789 | 34,465,791 | 60,346,234 | 76,758,719 | 283,038,837 |
| * Includes the following products: Cap/Floor, Debt Option, Exotic, Fixed-Fixed, FRA, and Inflation. |
IRS by Product, Participant Type & Cleared Status
| Swap Dealers/MSPs5 | Others | |||
| Product1 | Cleared2 | Uncleared | Cleared | Uncleared |
| Basis | 15,946,721 | 1,455,420 | 3,904,951 | 490,044 |
| Fixed-Float | 91,055,840 | 6,471,910 | 49,208,240 | 3,619,233 |
| OIS | 203,013,295 | 6,453,212 | 88,128,721 | 5,163,560 |
| Swaption | 0 | 34,861,145 | 0 | 9,017,881 |
| OTHER* | 32,841,873 | 3,990,139 | 8,619,617 | 1,835,872 |
| TOTAL | 342,857,729 | 53,231,827 | 149,861,529 | 20,126,590 |
| * Includes the following products: Cap/Floor, Debt Option, Exotic, Fixed-Fixed, FRA, and Inflation. |
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]. |