CDS notional reported to repository spikes

By Beth Shah
06 May 2014

Overall credit default swaps notional that was reported to the swap data repository between April 28 and May 2 increased by 66% from the previous week, according to data from the International Swaps and Derivatives Association. Overall interest rates derivatives trading that was reported, however, only increased by 10%.

ISDA noted that there was a big spike in uncleared and off-swap execution facility CDS products, with some of those products showing huge multiples of the previous week's notional. However, the total notional cleared and executed on SEFs dropped in both asset classes.  

ISDA reported that there ...

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