Clear

Clearing volumes

Figures as of COB May 27, 2025.

Notional Outstanding

Total

Notional outstanding (total) by product and currency

Product

EUR

ZCIS

8,661,260,000

Swap

17,822,448,744,248

OIS

5,190,707,500,907

FRA

19,406,251,879,514

BasisSwap

253,342,754,928

Total

42,681,412,139,597

EUR

Notional outstanding (EUR) by product and currency

Product

EUR

ZCIS

8,661,260,000

Swap

17,819,817,309,721

OIS

4,924,051,371,245

FRA

19,406,251,408,649

BasisSwap

253,342,754,928

Total

42,412,214,104,543

CHF

Notional outstanding (CHF) by product and currency

Product

CHF

EUR Equivalent

Swap

0

0

OIS

168,023,654,468

179,015,186,947

FRA

0

0

BasisSwap

0

0

Total

168,023,654,468

179,015,186,947


GBP

Notional outstanding (GBP) by product and currency

Product

GBP

EUR Equivalent

Swap

 0 

0

OIS

 45,787,259,446

54,632,215,064

FRA

0

0

BasisSwap

0

0

 Total

 45,787,259,446

54,632,215,064

JPY

Notional outstanding (JPY) by product and currency

Product

JPY

EUR Equivalent

Swap

0

0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

0

0


USD

Notional outstanding (USD) by product and currency

Product

USD

EUR Equivalent

Swap

0

0

OIS

37,484,711,120

33,008,727,651

FRA

0

0

BasisSwap

0

0

Total

37,484,711,120

33,008,727,651


DKK

Notional outstanding (DKK) by product and currency

Product

DKK

EUR Equivalent

Swap

0

0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

0

0


NOK

Notional outstanding (NOK) by product and currency

Product

NOK

EUR Equivalent

Swap

0

0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

0

0


PLN

Notional outstanding (PLN) by product and currency

Product

PLN

EUR Equivalent

Swap

1,162,000,000

273,572,690

OIS

0

0

FRA

2,000,000

470,865

BasisSwap

0

0

Total

1,164,000,000

274,043,555


SEK

Notional outstanding (SEK) by product and currency

Product

SEK

EUR Equivalent

Swap

25,650,000,000

2,357,861,838

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

25,650,000,000

2,357,861,838


Notional Value

Total

Notional value (total) by product and currency

Product

EUR

ZCIS

16,908,700,000

Swap

40,652,849,072,173

OIS

20,503,767,242,753

FRA

221,466,816,615,015

BasisSwap

516,570,486,974

Total

283,156,913,117,882


EUR

Notional value (EUR) by product and currency

Product

EUR

ZCIS

16,908,700,000

Swap

40,144,440,351,754

OIS

20,127,133,522,508

FRA

221,382,020,323,206

BasisSwap

498,545,412,928

Total

282,169,048,310,932

CHF

Notional value (CHF) by product and currency

Product

CHF

EUR Equivalent

Swap

354,898,194,125

321,827,802,079

OIS

155,456,448,143

157,542,267,640

FRA

93,800,000,000

84,082,983,493

BasisSwap

18,097,100,000

16,488,495,691

Total

622,251,742,268

579,941,548,902

GBP

Notional value (GBP) by product and currency

Product

GBP

EUR Equivalent

Swap

96,365,475,169

110,524,149,187

OIS

130,517,468,928

152,303,286,726

FRA

502,000,000

712,830,567

BasisSwap

890,000,000

1,027,865,852

Total

228,274,944,472

264,568,132,763

JPY

Notional value (JPY) by product and currency

Product

JPY

EUR Equivalent

Swap

0

0

OIS

200,000,000

1,696,065

FRA

0

0

BasisSwap

0

0

Total

200,000,000

1,696,065


USD

Notional value (USD) by product and currency

Product

USD

EUR Equivalent

Swap

81,380,685,050

72,608,615,581

OIS

73,768,240,951

66,787,469,814

FRA

0

0

BasisSwap

626,400,000

508,712,503 

Total

155,775,326,001

139,904,797,899

DKK

Notional value (DKK) by product and currency

Product

DKK

EUR Equivalent

Swap

22,000,000 

2,946,659 

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

22,000,000

2,946,659 


NOK

Notional value (NOK) by product and currency

Product

NOK

EUR Equivalent

Swap

0

0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

0

0


PLN

Notional value (PLN) by product and currency

Product

PLN

EUR Equivalent

Swap

1,162,000,000

272,349,944

OIS

0

0

FRA

2,000,000

477,749

BasisSwap

0

0

Total

1,164,000,000

272,827,692


SEK

Notional value (SEK) by product and currency

Product

SEK

EUR Equivalent

Swap

33,500,000,000 

3,172,856,969 

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

33,500,000,000 

3,172,856,969 


Notional Value (daily)

Total

Notional value (total) by product and currency

Product

EUR

ZCIS

0

Swap

28,063,428,231

OIS

35,815,262,158

FRA

16,600,000,000

BasisSwap

100,000,000

Total

80,578,690,389

EUR

Notional value (EUR) by product and currency

Product

EUR

ZCIS

0

Swap

28,063,428,231

OIS

35,749,431,160

FRA

16,600,000,000

BasisSwap

100,000,000

Total

80,512,859,391

CHF

Notional value (CHF) by product and currency

Product

CHF

EUR Equivalent

Swap

0

0

OIS

6,000,000

6,392,499

FRA

0

0

BasisSwap

0

0

Total

6,000,000

6,392,499


GBP

Notional value (GBP) by product and currency

Product

GBP

EUR Equivalent

Swap

0

0

OIS

49,815,406

59,438,499

FRA

0

0

BasisSwap

0

0

Total

49,815,406

59,438,499

JPY

Notional value (JPY) by product and currency

Product

JPY

EUR Equivalent

Swap

0

0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

0

0


USD

Notional value (USD) by product and currency

Product

USD

EUR Equivalent

Swap

0

0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

0

0


DKK

Notional value (DKK) by product and currency

Product

DKK

EUR Equivalent

Swap

0

0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

0

0


NOK

Notional value (NOK) by product and currency

Product

NOK

EUR Equivalent

Swap

0

0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

0

0


PLN

Notional value (PLN) by product and currency

Product

PLN

EUR Equivalent

Swap

0

0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

0

0


SEK

Notional value (SEK) by product and currency

Product

SEK

EUR Equivalent

Swap

 0

 0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

0

0

Explanatory notes:

  • The total notional outstanding is the aggregated double counted volume of all active trades.
  • The total notional value is the aggregated double counted volume of all cleared trades.
  • Total notional volumes expressed in euro are calculated by converting the notional volumes of swaps denominated in other currencies to euro using the same conversion methodology as used for margining and collateral.
  • The December compression cycle resulted in a reduction of 16 percent of total outstanding volume in OTC interest rate derivatives