DTCC Launches CDS Kinetics Platform

The Depository Trust & Clearing Corporation (DTCC) announced the launch of an enhanced DTCC CDS Kinetics platform to support growing demand for more transparency into the credit default swaps (CDS) market within the over-the-counter derivatives space. DTCC CDS Kinetics provides position data on credit default swaps sourced from DTCC’s Trade Information Warehouse (TIW), offering notional outstanding, net notional, and trading volume metrics on securities including single-name, index, and index tranche. TIW is a centralized infrastructure for reporting and asset servicing on approximately 98% of all credit derivative transactions outstanding worldwide. Recognizing that credit default swaps are a critical data source for understanding market risk, the DTCC CDS Kinetics service has been enhanced to support increased analysis and understanding of the CDS market. The service, which previously featured point-in-time snapshots of credit default swaps data, has been upgraded to provide over 10 years of historical and time-series data, a new user interface with graphical representations, and the ability to search for CDS instruments by a range of attributes including underlying reference entity, market sector, market type, and geographical region.