BIS Statistics Explorer: Table D5.2

Global OTC derivatives market

In billions of US dollars

« ‹ H2 2017 › »	Notional amounts outstanding				Gross market value
	H1 2016	H2 2016	H1 2017	H2 2017	H1 2016	H2 2016	H1 2017	H2 2017
Commodity contracts	1,770	1,671	1,762	1,862	246	204	171	189
By commodity
Gold	509	495	535	520	34	34	23	21
Other precious metal	70	59	75	53	7	5	4	3
Other commodities	1,191	1,117	1,152	1,288	206	166	144	164
By instrument & commodity
Forwards and swaps	1,297	1,249	1,352	1,414
Gold	361	351	395	381
Other precious metal	49	40	58	40
Other commodities	887	859	900	993
Total options	474	422	410	447
Gold	149	145	141	139
Other precious metal	22	19	17	14
Other commodities	303	259	253	294
Options sold (gross basis)	293	257	254	275
Gold	90	88	83	85
Other precious metal	13	12	11	8
Other commodities	190	157	160	182
Options bought (gross basis)	286	259	248	272
Gold	92	89	89	85
Other precious metal	13	11	10	9
Other commodities	181	159	149	178
Credit derivatives	11,994	10,103	9,967	9,578	350	301	307	313
Credit default swaps	11,847	9,931	9,727	9,354	346	295	300	304
By instrument
Single-name instruments	6,639	5,635	5,101	4,570	218	168	152	130
Multi-name instruments	5,208	4,295	4,626	4,784	128	127	148	174
Index products	4,836	3,840	4,229	4,442
By counterparty
Reporting dealers	5,117	3,760	2,971	2,321	155	114	89	68
Other financial institutions	6,573	6,018	6,597	6,817	185	175	206	227
Central counterparties	4,392	4,339	4,912	5,136	102	110	142	164
Banks and security firms	669	452	426	487	18	13	12	14
Insurance firms	173	165	143	124	8	7	6	6
SPVs, SPCs and SPEs	153	96	90	76	6	5	4	4
Hedge funds	548	440	435	375	28	23	21	19
Other financial customers	637	525	590	618	22	18	20	21
Non-financial customers	158	153	159	216	6	5	6	9
By rating category
Investment grade	8,087	6,467	6,260	6,008
Non-investment grade	2,090	2,026	2,156	2,049
Non-rated	1,586	1,364	1,229	1,216
By maturity
Up to 1 year	2,800	2,672	2,513	1,882
Between 1 and 5 years	8,195	6,455	6,404	6,629
Over 5 years	768	731	727	763
By sector
Sovereigns	1,902	1,746	1,673	1,530
Financial firms	2,171	1,804	1,674	1,544
Non-financial firms	4,035	3,181	2,660	2,406
Securitised products	220	305	293	371
Multiple sectors	3,471	2,852	3,380	3,456
By location of counterparty
Home country	2,891	2,517	2,380	2,222
Abroad	8,872	7,340	7,265	7,051
United States	2,449	2,166	2,205	2,187
European developed countries	5,470	4,372	4,278	4,131
Japan	134	100	95	79
Other Asian countries	107	83	81	75
Latin America	326	344	323	313
All other countries	386	276	282	267
Other derivatives	89	100	112	137	6	6	9	8
Gross credit exposure					3,697	3,296	2,770	2,683