Interest Rates Derivatives

2017 year-to-date vs. 2016 year-to-date

• Both overall interest rate notionals and trade counts increased 17% and 8%, respectively
• Both cleared notionals and trade counts were up 23% and 17%, respectively
• Both SEF notionals and trade counts increased 17% and 20%, respectively
• 88% of total notional was cleared vs. 84%
• 55% of total notional was executed On SEF, flat with last year

2017 current week vs. 2016 current week

• Both overall interest rate notionals and trade counts increased 37% and 32%, respectively
• Both cleared notionals and trade counts were up 47%
• Both SEF notionals and trade counts increased 64% and 51%, respectively
• 88% of total notional was cleared vs. 82%
• 61% of total notional was executed On SEF vs. 51%

Credit Default Swaps

2017 year-to-date vs. 2016 year-to-date

• Both overall CDS notionals and trade counts were down 7% and 17%, respectively
• Both cleared notionals and trade counts decreased 9% and 18%, respectively
• Both SEF notionals and trade counts decreased 9% and 20%, respectively
• 80% of total notional was cleared vs. 81%
• 75% of total notional was executed On SEF vs. 76%

2017 current week vs. 2016 current week

• Both CDS notionals were and trade counts were down 2% and 17%, respectively
• Both cleared notionals and trade counts decreased 8% and 20%, respectively
• Both SEF notionals and trade counts decreased 5% and 19%, respectively
• 74% of total notional was cleared vs. 79%
• 67% of total notional was executed On SEF vs. 69%

Weekly On-SEF Notional