BIS: OTC derivatives statistics at end-December 2016

08 May 2017

The increase in OTC derivatives positions that took place in the first half of 2016 reversed in the second.

The notional amount of outstanding OTC derivatives declined from $553 trillion to $483 trillion between end-June and end-December 2016. Their gross market value - that is, the cost of replacing all outstanding contracts at current market prices - fell from $21 trillion to $15 trillion over the same period.

Central clearing made further inroads. In particular, the share of centrally cleared credit default swaps (CDS) jumped from 37% of notional amounts outstanding at end-June 2016 to 44% at end-December. In OTC interest rate derivatives markets, the share centrally cleared was more or less unchanged at 76%.

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