Isda’s 2007 mid-year market survey of OTC credit derivatives, which included single-name credit default swaps (CDSs), CDS indexes, baskets, and portfolios, found that the total notional had grown by around 75% during the 12-month period ending mid-year 2007.
By historical standards, growth over the most recent surveyed period was modest. The annual growth rate for credit derivatives for the 12-month period ending mid-2006, for instance, was 109%
Elsewhere, the notional amount outstanding of interest rate derivatives, including interest rate swaps, options and cross-currency swaps, grew by around 38% during the 12-month period ending mid-2007, to reach $347.09 trillion
The 12-month growth rate for equity derivatives was around 57%, reaching $10.1 trillion as of mid-2007