The industry’s progress in reducing counterparty credit risk.
ISDA and the industry are committed to expanding clearing and portfolio compression efforts as part of the overall goal to reduce counterparty risk. Our progress is reflected by the increasing range and volume of transactions that are cleared and compressed.
The size of the CDS market has been reduced by more than 75 percent through a combination of clearing and compression; more than $15 trillion has been centrally cleared while portfolio compression has eliminated more than $70 trillion.
Over 40 percent of the interest rate swaps market is now centrally cleared. Another $106 trillion of interest rate swaps has been eliminated due to portfolio compression.
Below is a list of analyses of existing clearing services, comment letters to regulators and industry commitments related to ISDA and the industry’s work in OTC derivatives clearing and portfolio compression. Additional information on clearing and portfolio compression is available from TriOptima triReduce, Markit and ICE Clearing.
To learn more about ISDA’s work in the industry’s clearing commitments to regulators, visit the G20 Commitments page.
Latest
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
President James Carter – US National Day of Mourning
ISDA is aware that a national day of mourning has been announced in response to the passing of President James Carter, to take place on January 9, 2025. ISDA is collating available information and coordinating with SIFMA and other market stakeholders with...
Publication of the Equity Definitions Clause Library
ISDA has published version 1 of the ISDA Equity Derivatives Clause Library. The ISDA Equity Derivatives Clause Library provides drafting options with respect of certain clauses that parties can choose to include in an equity derivatives transaction that incorporates the...
Key Trends in OTC Derivatives Market H1 2024
The latest data from the Bank for International Settlements (BIS) over-the-counter (OTC) derivatives statistics shows a modest increase in notional outstanding of OTC derivatives during the first half of 2024 compared to the same period in 2023. While interest rate...