ISDA’s analysis of credit default swap (CDS) market size and structure reveals that market risk transfer activity (MRTA) in single-name CDS has been steady since 2016. The analysis also shows that the universe of single-name CDS with MRTA remains large. Over 500 names generated MRTA in each quarter over the past five and a half years. At the same time, MRTA is rather concentrated – 27 names account for about 45% of total single-name CDS MRTA. Meanwhile, MRTA in index CDS leveled off in 2016, and has been on an upward trend since the beginning of 2017.
This analysis explores credit derivatives market size from the start of 2014 until the middle of 2019, using data from the Depository Trust & Clearing Corporation Trade Information Warehouse.
Documents (1) for Global Credit Default Swaps Market Study
Latest
Response on Dividend Stripping
On October 14, ISDA, the Association for Financial Markets in Europe (AFME) and the International Securities Lending Association (ISLA) submitted a joint response to the Dutch Ministry of Finance on its proposed measures on dividend stripping. While supporting the policy...
ISDA Launches DRR Tracer Agent
ISDA has launched an artificial intelligence (AI) agent for its Digital Regulatory Reporting (DRR) solution that will bring greater transparency to users by tracing the rules and decisions that have guided the development of the DRR. The ISDA DRR Tracer...
US FX Derivatives Review
ISDA has expanded its SwapsInfo website to include data on US foreign exchange (FX) derivatives, extending the platform's coverage beyond interest rate and credit derivatives to a third over-the-counter derivatives asset class. The US FX Derivatives Review covers trading activity...
Response to FCA on Post-trade Transparency
On October 16, ISDA responded to the Financial Conduct Authority’s (FCA) consultation CP26/30. While the consultation is principally focused on cash equity market structure and transparency, ISDA responded to questions on the potential inclusion of equity swaps in the scope...