CDSClear Volumes

1. Volumes

a. Daily volumes - updated daily

CDS cleared - 27/07/2017
Currency Notional Open Interest Number of Transactions
EUR 9,466,414,893.00 110,093,902,095.38 735

b. Volumes since inception - updated daily

CDS cleared since launch - 27/07/2017
Currency Notional Open Interest Number of Transactions
EUR 1,293,148,327,194.08 48,940,984,335,098.21 78,984
USD 2,000,000.00 1,000,000.00 2
Definitions:
“Notional” is the sum of the notional for trades where both buyer and seller agree to clear the transaction. This figure is one sided. For example if A and B agree to clear 1 transaction for €2,000,000 notional and C and D agree to clear 1 transaction for €3,000,000 notional and A and C agree to clear 1 transaction for €8,000,000 notional the volume is €13,000,000 notional. Similarly the "Number of Transactions" figure represents one side and would be 3 in this example.

“Open Interest” is the sum of all clearing participants’ outstanding net long positions per contract against LCH SA, which results in single sided amounts.