Gross Notional Outstanding - Credit (Millions of USD) - 10/11/2024

CDS by Product & Cleared Status

Product Cleared2 Uncleared Total
Index Tranche / Index / Other* 3,416,334 2,056,852 5,473,186
Asia 62,616 49,902 112,517
Europe 1,881,628 681,293 2,562,921
North America 1,396,280 883,094 2,279,374
Other Regions 75,810 442,564 518,374
TOTAL 3,416,334 2,056,852 5,473,186
       
* Includes exotic credit products, swaptions, and total return swaps.

CDS by Product & Grade

Product HY6 IG Other Total
Index Tranche / Index / Other* 809,039 4,122,125 542,022 5,473,186
Asia 0 112,517 0 112,517
Europe 411,751 2,151,159 11 2,562,921
North America 397,288 1,858,448 23,638 2,279,374
Other Regions 0 0 518,374 518,374
TOTAL 809,039 4,122,125 542,022 5,473,186
         
* 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* 4,726,768 2,622,332 2,105,900 1,491,373
Asia 105,942 82,170 19,289 17,633
Europe 2,989,655 867,871 773,601 494,715
North America 1,522,017 1,159,035 1,270,544 607,153
Other Regions 109,154 513,255 42,465 371,873
TOTAL 4,726,768 2,622,332 2,105,900 1,491,373
         
* 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* 1,059,324 5,640,428 649,348 558,755 2,603,822 434,697
Asia 0 188,113 0 0 36,922 0
Europe 594,772 3,262,743 11 228,731 1,039,574 11
North America 464,552 2,189,572 26,928 330,024 1,527,325 20,348
Other Regions 0 0 622,409 0 0 414,338
TOTAL 1,059,324 5,640,428 649,348 558,755 2,603,822 434,697
             
* 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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