IRD and CDS Weekly Analysis: week ending August 22, 2014

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Interest Rates Derivatives

  • Overall rates trading was down 13% from the previous week
  • 18% less volume was cleared, and 21% less was executed On SEF than in the previous week
  • 74% of total notional was cleared this week, vs. 79% last week
  • 47% of total notional was executed On SEF this week vs. 52% last week

 Credit Default Swaps

  • Overall CDS notional amounts dropped 27% from the previous week
  • Notional cleared was down 33%, and 41% less was executed On SEF than in the previous week
  • 74% of total notional was cleared this week, down from 80% last week
  • 56% of total notional was executed On SEF this week, down from 69% last week