Interest Rates Derivatives

2018 year-to-date vs. 2017 year-to-date

• Both interest rate notionals and trade counts increased 45% and 21%, respectively
• Both cleared notionals and trade counts were up 49% and 25%, respectively
• Both SEF notionals and trade counts increased 43% and 28%, respectively
• 88% of total notional was cleared vs. 86%
• 59% of total notional was executed On SEF vs. 60%

2018 current week vs. 2017 current week

• Both interest rate notionals and trade counts increased 38% and 30%, respectively
• Both cleared notionals and trade counts were up 39% and 31%, respectively
• Both SEF notionals and trade counts increased 23% and 38%, respectively
• 87% of total notional was cleared, flat with last year
• 55% of total notional was executed On SEF vs. 62%

Credit Default Swaps

2018 year-to-date vs. 2017 year-to-date

• CDS notionals increased 26%, while trade counts decreased 5%
• Cleared notionals were up 32%, while trade counts were down 2%
• SEF notionals increased 31%, while trade counts decreased 3%
• 77% of total notional was cleared vs. 74%
• 72% of total notional was executed On SEF vs. 70%

2018 current week vs. 2017 current week

• CDS notionals increased 25%, while trade counts decreased 14%
• Cleared notionals were up 41%, while trade counts were down 6%
• SEF notionals increased 39%, while trade counts decreased 6%
• 81% of total notional was cleared vs. 72%
• 77% of total notional was executed On SEF vs. 70%

Weekly On-SEF Notional