BIS Statistics Explorer: Table D10.2

Credit default swaps, by rating category

Notional amounts outstanding, in billions of US dollars

« ‹ H1 2016 › »	Total	Reporting dealers	Other financial institutions							Non-financial institutions
« ‹ H1 2016 › »			Total	CCPs	Banks and securities firms	Insurance and financial guaranty firms	SPVs, SPCc and SPEs	Hedge funds	Other
			Total	CCPs	Banks and securities firms	Insurance and financial guaranty firms	SPVs, SPCc and SPEs	Hedge funds	Other
Total CDS contracts
Investment grade	8,087	3,507	4,503	3,167	434	96	90	328	387	77
Bought (gross basis)	5,960	3,552	2,361	1,616	272	59	54	137	223	47
Sold (gross basis)	5,634	3,463	2,142	1,552	162	38	36	191	164	30
AAA/AA	979	607	359	116	97	21	18	55	51	14
Bought (gross basis)	853	633	212	57	71	15	12	26	30	8
Sold (gross basis)	733	580	147	59	26	6	6	29	21	6
A/BBB	7,108	2,901	4,144	3,051	338	75	71	273	336	63
Bought (gross basis)	5,107	2,918	2,150	1,558	201	43	42	112	193	39
Sold (gross basis)	4,901	2,883	1,995	1,492	136	32	29	162	143	23
Below investment grade	2,090	903	1,158	734	85	22	18	153	146	29
Bought (gross basis)	1,496	895	585	364	47	15	12	65	83	16
Sold (gross basis)	1,497	911	573	371	38	7	7	87	63	14
Non-rated	1,586	684	855	486	116	40	45	67	100	47
Bought (gross basis)	1,173	674	476	255	60	23	42	32	65	23
Sold (gross basis)	1,097	694	379	231	57	17	3	35	36	24
Single-name instruments
Investment grade	4,851	2,593	2,216	1,479	306	36	53	169	173	42
Bought (gross basis)	3,767	2,591	1,148	739	196	23	41	52	96	28
Sold (gross basis)	3,677	2,594	1,069	740	109	13	13	117	77	14
AAA/AA	737	467	261	103	78	10	10	29	32	9
Bought (gross basis)	613	464	144	50	55	7	6	8	18	5
Sold (gross basis)	591	470	117	52	23	3	4	21	14	4
A/BBB	4,113	2,126	1,955	1,376	228	26	44	140	141	33
Bought (gross basis)	3,153	2,128	1,003	689	141	17	35	44	78	23
Sold (gross basis)	3,086	2,123	952	687	86	10	9	96	63	10
Below investment grade	1,336	686	643	411	53	7	12	105	54	8
Bought (gross basis)	1,007	687	316	205	30	5	7	38	30	4
Sold (gross basis)	1,015	684	327	207	23	2	4	67	24	4
Non-rated	392	230	155	65	29	8	5	17	31	6
Bought (gross basis)	328	232	91	35	20	7	4	5	21	5
Sold (gross basis)	294	229	64	30	9	2	0	13	9	2
Multi-name instruments
Investment grade	3,236	915	2,287	1,689	129	60	36	159	214	35
Bought (gross basis)	2,193	960	1,214	877	76	35	13	85	127	20
Sold (gross basis)	1,958	869	1,073	812	53	25	23	74	87	15
AAA/AA	242	140	97	14	19	11	9	26	19	5
Bought (gross basis)	240	170	67	7	16	8	6	18	12	3
Sold (gross basis)	142	109	30	7	3	3	3	8	7	2
A/BBB	2,994	775	2,189	1,675	110	49	27	133	195	30
Bought (gross basis)	1,954	790	1,146	870	60	27	7	67	115	17
Sold (gross basis)	1,816	760	1,043	805	50	22	20	66	80	13
Below investment grade	754	217	515	323	31	15	6	47	92	22
Bought (gross basis)	488	207	269	159	17	10	4	27	53	12
Sold (gross basis)	483	227	246	164	15	5	2	21	39	10
Non-rated	1,194	454	700	420	87	32	40	50	70	41
Bought (gross basis)	845	442	385	219	40	16	38	28	44	19
Sold (gross basis)	802	465	315	201	48	15	2	22	26	22