Interest Rates Derivatives

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

• Both overall interest rate notionals and trade counts increased 16% and 6%, respectively
• Both cleared notionals and trade counts were up 21% and 14%, respectively
• Both SEF notionals and trade counts increased 17%
• 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 decreased 0.4% and 17%, respectively
• Both cleared notionals and trade counts were down 0.4% and 20%, respectively
• Both SEF notionals and trade counts decreased 11% and 19%, respectively
• 87% of total notional was cleared, flat with last year
• 50% of total notional was executed On SEF vs. 55%

Credit Default Swaps

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

• Both overall CDS notionals and trade counts were down 6% and 18%, respectively
• Both cleared notionals and trade counts decreased 7% and 18%, respectively
• Both SEF notionals and trade counts decreased 7% 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 overall CDS notionals and trade counts were down 32% and 37%, respectively
• Both cleared notionals and trade counts decreased 37% and 43%, respectively
• Both SEF notionals and trade counts were down 39% and 43%, respectively
• 69% of total notional was cleared vs. 74%
• 63% of total notional was executed On SEF vs. 71%

Weekly On-SEF Notional