CDS market soars but equities shrink in late 2007

The BIS' latest survey of the over-the-counter derivatives market found that outstanding OTC derivatives now totalled $596 trillion notional at the end of the year, up 15% from the figure six months earlier. As credit conditions worsened, CDS volumes grew particularly strongly, rising 36% to $58 trillion notional outstanding - though this still represented a slowdown from the 49% growth recorded in the first half of the year.

Widening CDS spreads drove up gross market value 178% to $2 trillio

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: