CDSClear Volumes

1. Volumes

a. Daily volumes - updated daily

CDS cleared - 26/05/2017
Currency Gross Notional Open Interest Number of Transactions
EUR 875,600,516.00 105,238,130,171.29 62

b. Volumes since inception - updated daily

CDS cleared since launch - 26/05/2017
Currency Gross Notional Open Interest Number of Transactions
EUR 1,171,453,348,924.74 44,263,256,706,897.03 72,472
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.