The International Swaps and Derivatives Association (ISDA) has expanded its SwapsInfo derivatives database and website to add European credit default swap (CDS) trading activity, aiming to provide a more complete view of derivatives trading across the European Union, the United Kingdom and the United States. The update adds EU and UK index and single-name CDS traded notional and trade counts. The European CDS dataset is based on transactions publicly reported by 18 European approved publication arrangements and trading venues, and complements existing SwapsInfo coverage of US index and single-name CDS and European and US interest rate derivatives. ISDA’s analysis of public reports from the second half of 2021 to the end of 2024 indicates that 70% to 80% of CDS traded notional in Europe was reported in the UK versus 20% to 30% in the EU, while globally around 30% of total CDS trading was reported in the UK, around 10% in the EU and 50% to 60% in the US; index CDS represented more than 90% of reported European credit derivatives notional. ISDA also published a paper analysing European CDS trading activity over the same period and indicated it will continue to assess further enhancements to SwapsInfo.
ISDA 2025-03-13
International Swaps and Derivatives Association expands SwapsInfo to include European credit default swap trading activity
The International Swaps and Derivatives Association (ISDA) has expanded its SwapsInfo database to include European credit default swap (CDS) trading activity, enhancing coverage of derivatives trading in the EU, UK, and US. Analysis shows that 70% to 80% of European CDS traded notional was reported in the UK, with index CDS comprising over 90% of reported European credit derivatives notional.