ISDA SIMM v2.5 is effective December 3, 2022Updated with a full re-calibration and industry backtestingMeaning Initial Margin will change for most portfoliosIn particular, material increases for Commodity...

GBP markets are exceptionally volatile at the moment.We look at transparency data and find that derivatives markets are continuing to function.September 2022 will likely...

Clearing Houses have published their latest CPMI-IOSCO Quantitative Disclosures: Initial margin for ETD at $528 billion is down 7% QoQ and up 19% YoYInitial margin for IRS at $280 billion is up...

The ISDA-Clarus RFR Adoption Indicator has now climbed above 50% for the first time.In August 2022 it hit a new all-time high at 51.1%.SOFR...

The Numbers If I get the publishing date right, this should come up as my 400th blog for Clarus. We have a mini “leader board”...

We look at vanilla swaps, inflation swaps and futures.Some markets have seen volumes reduce by over 50%.Whilst others recorded all-time record volumes in August...

Here on the Clarus blog, we anticipated that LIBOR cessation in GBP, JPY and CHF would usher in simpler markets and “easier” trading this...

Credit Derivative volumes have been huge in 2022.YTD volume data shows that 2022 will likely see all-time record volumes.Volumes are already $6.6Trn larger than...

I wanted to follow up on two of our 2022 blogs to estimate the impact on overall volumes in GBP, JPY and CHF markets...

The ISDA-Clarus RFR Adoption Indicator retained its all-time high of 46.4% in July 2022.SOFR adoption hit a new record at 51.7% of the market.20.3% of EUR...

I take a look at the volume data for July 2022 in CCPView to see whether we have now hit the quiet weeks of...

Since our First Look at Total Return Swaps blog, we have added a Most Actives view in SBSDRView. This identifies the most active stocks...