Gross Notional Outstanding - Credit (Millions of USD) - 11/29/2024

CDS by Product & Cleared Status

Product Cleared2 Uncleared Total
Index Tranche / Index / Other* 3,291,252 1,689,847 4,981,099
Asia 64,537 48,847 113,383
Europe 1,820,079 416,034 2,236,113
North America 1,329,651 674,756 2,004,407
Other Regions 76,985 550,211 627,196
TOTAL 3,291,252 1,689,847 4,981,099
       
* Includes exotic credit products, swaptions, and total return swaps.

CDS by Product & Grade

Product HY6 IG Other Total
Index Tranche / Index / Other* 740,509 3,573,143 667,446 4,981,099
Asia 0 113,383 0 113,383
Europe 353,123 1,882,979 11 2,236,113
North America 387,386 1,576,781 40,240 2,004,407
Other Regions 0 0 627,196 627,196
TOTAL 740,509 3,573,143 667,446 4,981,099
         
* 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* 4,700,897 2,172,328 1,881,606 1,207,367
Asia 108,620 81,360 20,453 16,334
Europe 2,938,547 527,435 701,611 304,632
North America 1,540,986 922,417 1,118,317 427,095
Other Regions 112,744 641,116 41,225 459,306
TOTAL 4,700,897 2,172,328 1,881,606 1,207,367
         
* 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 / Index / Other* 955,126 5,122,967 795,131 525,892 2,023,319 539,761
Asia 0 189,980 0 0 36,787 0
Europe 505,861 2,960,110 11 200,385 805,847 11
North America 449,265 1,972,877 41,260 325,507 1,180,685 39,220
Other Regions 0 0 753,860 0 0 500,531
TOTAL 955,126 5,122,967 795,131 525,892 2,023,319 539,761
             
* 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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