Corporates' derivatives use increases

Ninety-four per cent of the world's largest corporates use derivatives to hedge their business and financial risks, according to a survey of the Fortune Global 500 companies by the International Swaps and Derivatives Association. The number is an improvement on Isda's previous survey in 2003, when 92% of the world's leading companies reported using derivatives.

Foreign exchange derivatives were the most popular type of contract (used by 88% of respondents), followed by interest rate derivatives