CDS Data Made Simple

SBSDRView from Clarus takes transaction level transparency data and makes it simple to use, aggregate and monitor. We look at the most active corporate names in single name CDS trading since records began. We find that a significant portion of activity in concentrated in the Top 10 names, with close to half of all volumes […]

Most Active CDS Single-names

We recently published the blog Most Actives in CDS Trading, which covered the use of our API to access SEC SBSDR transaction data. This included python code to perform look-ups on security identifiers and build a table of the most active names traded in a given period. While simple enough to do for those with […]

For the first time, we see over $1Trn in Initial Margin

Total Initial Margin across the industry has now topped $1trn for the first time. Initial Margin requirements across the industry have increased by $725bn since 2016. This drives the need for more optimisation. We look at the data and benchmark the ISDA projections from way back in 2015. Capitolis First this week, a recommendation. No […]

1Q22 CCP Volumes and Share in CRD

A review of Credit Derivatives (CRD) volumes and market share at Clearing Houses (CCPs) in 1Q 2022. Index, Single-name and Swaptions Volumes significantly higher in 1Q22 than a year earlier USD CDX up 50% and CDS up 37% EUR iTraxx up 80% and CDS 27% ICE Clear Credit 97.5% in USD CDX ICE Clear Credit […]

Interest Rate Swaps made easy – What You Should Know

An Interest Rate Swap (IRS) is a financial derivative that is widely traded. This blog defines an interest rate swap and its practical uses. Why the parties involved would choose to carry out an IRS. What the possible risks of an interest rate swap are. About the Author Jake is 17 years old and studying […]

1Q22 CCP Volumes and Market Share in IRD

Clarus CCPView has daily volume and open interest data published by each CCP, which is filtered, normalised and aggregated to allow meaningful comparisons of volumes. Today we look at 1Q22 Volume and market share for: USD Swaps (LIBOR, OIS, SOFR) EUR Swaps (EURIBOR, OIS, €STR) GBP Swaps (LIBOR, SONIA) JPY Swaps (IBOR, TONA) AUD Swaps (BBSW, AONIA) CAD […]

Most Actives in CDS Trading

In our latest data app, SBSDRView, we continue to interrogate the newly available transparency data from the SEC. In my blog last week, I took a first look at Total Return Swaps. Now, let’s take a look at Credit – and specifically single name CDS. What are the most active securities being traded? Using Our […]