CFTC Weekly Swaps Report: credit swaps gross notional $7.33 trillion as of 2026-09-04
Source time: · added to CDSBench 21 Sep 2026, 20:00 UTC
Open the source: CFTC Weekly Swaps Report ↗Sourced facts
What happened
- As of 2026-09-04, CFTC-reported credit gross notional outstanding was $7.33 trillion (+$164.5 billion week on week).
- Cleared: $4.88 trillion. Uncleared: $2.46 trillion.
From: CFTC Weekly Swaps Report, tables 'Gross Notional Outstanding by Cleared Status' and 'Gross Notional Outstanding – Credit'. Source: CFTC Weekly Swaps Report.
CDSBench analysis — not from the source
CDS relevance
- Gross notional measures the size of open positions reported to US swap data repositories, not risk or net exposure; it includes index, tranche, single-name and other credit products.
- It is not a spread or price, and a change is not a gain or loss for anyone.
What to watch next
- The next weekly release.
- Whether the cleared share keeps moving — clearing changes how default losses are mutualised.
General information about how CDS documentation treats this kind of event, not legal or investment advice, and not a statement that a Credit Event has occurred.