Over half of CDS contracts cleared – BIS
Non-cleared trades continue downward slide
The share of the credit default swaps (CDS) market undergoing clearing by central counterparties grew to 55% at the end of 2017.
Cleared CDS notionals rose from $4.9 trillion to $5.1 trillion in the second half of 2017, growing market share by 4%. On the flipside bilateral trades continued to decline, as they have done since 2011, accounting for $2.3 trillion of total notionals, down from almost
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