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Clear
EurexOTC Clear Eurex Listed Eurex Repo Deutsche Börse Cash Market Clearing volumes

Clearing volumes

Figures as of COB 11 December, 2025.

Notional Outstanding

Total

Notional outstanding (total) by product and currency

Product

EUR

ZCIS

10,332,260,000

Swap

20,424,214,644,757

OIS

6,909,817,643,413

FRA

19,768,499,395,404

BasisSwap

316,939,841,036

Total

47,429,803,784,611

EUR

Notional outstanding (EUR) by product and currency

Product

EUR

ZCIS

10,332,260,000

Swap

20,419,415,385,500

OIS

6,652,765,445,289

FRA

19,766,523,525,993

BasisSwap

316,939,841,036

Total

47,165,976,457,818

CHF

Notional outstanding (CHF) by product and currency

Product

CHF

EUR Equivalent

Swap

0

0

OIS

160,764,870,531

172,254,227,506

FRA

0

0

BasisSwap

0

0

Total

160,764,870,531

172,254,227,506


GBP

Notional outstanding (GBP) by product and currency

Product

GBP

EUR Equivalent

Swap

 0 

0

OIS

  47,154,550,833

53,884,756,979

FRA

0

0

BasisSwap

0

0

 Total

  47,154,550,833

53,884,756,979


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

36,211,738,458

30,913,213,640

FRA

0

0

BasisSwap

0

0

Total

36,211,738,458

30,913,213,640


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


SEK

Notional outstanding (SEK) by product and currency

Product

SEK

EUR Equivalent

Swap

25,650,000,000

2,365,145,228

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

25,650,000,000

2,365,145,228


PLN

Notional outstanding (PLN) by product and currency

Product

PLN

EUR Equivalent

Swap

10,289,000,000

2,434,114,029

OIS

0

0

FRA

8,352,000,000

1,975,869,411

BasisSwap

0

0

Total

18,641,000,000

4,409,983,440


CZK

Notional outstanding (CZK) by product and currency

Product

CZK

EUR Equivalent

Swap

0

0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

00


HUF

Notional outstanding (HUF) by product and currency

Product

HUF

EUR Equivalent

Swap

0

0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

00


Notional Value

Total

Notional value (total) by product and currency

Product

EUR

ZCIS

20,743,500,000

Swap

47,206,530,248,046

OIS

26,862,810,719,294

FRA

247,575,315,534,155

BasisSwap

765,627,267,401

Total

322,431,027,269,862


EUR

Notional value (EUR) by product and currency

Product

EUR

ZCIS

20,743,500,000

Swap

46,695,906,294,995

OIS

26,466,510,189,631

FRA

247,487,875,826,884

BasisSwap

747,602,193,354

Total

321,418,638,005,400

CHF

Notional value (CHF) by product and currency

Product

CHF

EUR Equivalent

Swap

354,898,194,125

321,827,802,079

OIS

163,248,275,880

165,900,797,866

FRA

93,800,000,000

84,082,983,493

BasisSwap

18,097,100,000

16,488,495,691

Total

630,043,570,005

588,300,079,128

GBP

Notional value (GBP) by product and currency

Product

GBP

EUR Equivalent

Swap

96,365,475,169

110,524,149,187

OIS

137,353,932,771

160,142,373,904

FRA

502,000,000

712,830,567

BasisSwap

890,000,000

1,027,865,852

Total

235,111,408,314

272,407,219,941

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

77,787,712,951

70,255,661,827

FRA

0

0

BasisSwap

626,400,000

508,712,503 

Total

159,794,798,001

143,372,989,912

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


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 


PLN

Notional value (PLN) by product and currency

Product

PLN

EUR Equivalent

Swap

10,571,600,000

2,487,582,576

OIS

0

0

FRA

11,209,200,000

2,643,893,211

BasisSwap

0

0

Total

21,780,800,000

5,131,475,787


CZK

Notional value (CZK) by product and currency

Product

CZK

EUR Equivalent

Swap

0

0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

0

0


HUF

Notional value (HUF) by product and currency

Product

HUF

EUR Equivalent

Swap

0

0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

0

0


Notional Value (daily)

Total

Notional value (total) by product and currency

Product

EUR

ZCIS

13,000,000

Swap

42,950,182,055

OIS

58,446,308,040

FRA

53,122,000,000

BasisSwap

240,000,000

Total

154,771,490,095

EUR

Notional value (EUR) by product and currency

Product

EUR

ZCIS

13,000,000

Swap

42,699,413,188

OIS

58,403,624,072

FRA

53,122,000,000

BasisSwap

240,000,000

Total

154,478,037,260

CHF

Notional value (CHF) by product and currency

Product

CHF

EUR Equivalent

Swap

0

0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

0

0

GBP

Notional value (GBP) by product and currency

Product

GBP

EUR Equivalent

Swap

0

0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

0

0


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

50,000,000

42,683,968

FRA

0

0

BasisSwap

0

0

Total

50,000,000

42,683,968


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


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

PLN

Notional value (PLN) by product and currency

Product

PLN

EUR Equivalent

Swap

1,060,000,000

250,768,867

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

1,060,000,000

250,768,867


CZK

Notional value (CZK) by product and currency

Product

CZK

EUR Equivalent

Swap

 0

 0

OIS

0

0

FRA

0

0

BasisSwap

0

0

Total

0

0


HUF

Notional value (HUF) by product and currency

Product

HUF

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 


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