The organisation noted particularly rapid growth in the credit segment, where positions in credit derivatives increased more than tenfold to $51 trillion. Credit default swaps (CDSs) were the most dominant instrument in this category, accounting for 88% of positions in credit derivatives.
Activity in the OTC derivatives market accelerated in the first half of 2007, with notional amounts outstanding for all types of OTC contracts increasing by 25%, following a 12% increase in the second half of 2006.
These results are from the second part of the BIS Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity, as well as its regular twice-yearly OTC derivatives statistics.
The week on Risk.net, December 2–8, 2017Receive this by email