The Global Leader in Cleared CDS Volume

ICE CDS Clearing*

ICE Clear Credit**

ICE Clear Europe***

IndexCorporate Single NamesSovereign Single NamesIndex OptionsIndexCorporate Single NamesSovereign Single NamesTotal
Instruments/
Reference Entities****
191 513396121472007 1,355
Number of Trades Cleared2,335,108 1,448,115 388,246 102 727,764862,189 35,8295,797,353
Gross Notional Cleared (trillion)$106.500 $7.063 $3.760 $0.015€ 26.050 € 3.883€ 0.704 $155.355
Buy-side Notional Cleared (trillion)$69.747 $1.728 $0.949 $0.003 € 2.200 € 0.056 € 0.008 $75.026
Open Interest (trillion)$0.965 $0.384 $0.177 $0.004€ 0.260€ 0.140€ 0.041 $2.040
Clearing Members293059

*Comprehensive data from launch through September 17, 2021. CDS clearing began at ICE Clear Credit (formerly ICE Trust) in March 2009 and at ICE Clear Europe in July 2009. **Indices include North American, European (iTraxx) and Emerging Market (CDX) instruments. Corporate single names include both North American and European instruments. All indices and single names are available for both client and dealer-dealer clearing. ***Indices include North American and European (iTraxx) instruments. All indices are available for both client and dealer-dealer clearing. ****Instruments for indices/index options; Reference Entities for single names.

Note: Because many instruments are listed for clearing at both ICE Clear Credit and ICE Clear Europe, the total instruments cleared is less than the sum of each column.