Swaps Data: ETD vs OTC, USD IRS, OIS and NDF

Highlights of this months Swaps Data Review article include:

• Initial Margin at LCH, CME, ICE, Eurex (as of Dec 31, 2016)
  • ETD IM of $191 billion and OTC IM of $171 billion
  • With ETD and OTC splits for each of the four CCPs

• LCH SwapClear Client IM for the first time just exceeded House IM
  • SwapClear Client IM growing 135% in 2016

• On SEF USD IRS had record volumes in March 2017
  • Greater than $2.8 trillion gross notional

• On SEF USD OIS had record volumes in March 2017
  • Greater than $4.6 trillion gross notional
  • Driven by TrueEX with massive rolls

• Un-Cleared Margin Rules continued to drive up LCH cleared volumes
  • NDF up 23% and Inflation Swaps up 72% in March 2017

Click here to access the full Risk.Net article with all the charts, details and more.