Cleared CDS volumes surged in H1 – BIS
CDX cleared contracts outstanding leapt 35% in H1
Notional amounts of cleared credit default swaps (CDS) surged 25% to $5.29 trillion over the first half of 2020 – the biggest jump in a decade, data from the Bank for International Settlements (BIS) shows.
Cleared contracts as a share of total outstanding amounts hit 60%, up from 56% in the second half of 2019. It’s the fastest clearing rates have risen since H1 2017.
CDS index derivatives (CDX)
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