CDOs: The outlook

12. Conclusion

It is clear that credit derivatives have now established themselves as a well-accepted component of the global financial system. Isda calculates that the notional volume of credit derivatives outstanding reached $12.4 trillion in the first half of 2005, climbing to $17.3 trillion by the end of the year. That compares with a growth rate for the total derivatives market in 2005 of 105%, marginally down from the rate of 123% recorded in 2004.

Credit derivatives now account for 7% of the total gl

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: