OTC, 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
Total CCPs Banks and securities firms Insurance and financial guaranty firms SPVs, SPCc and SPEs Hedge funds Other
 Total CDS contracts
 Investment grade8,0753,4964,5023,166434969032938778
     Bought (gross basis)5,9513,5442,3601,615272595413822347
     Sold (gross basis)5,6203,4482,1421,552162383619116430
 AAA/AA 979606358116972118555114
     Bought (gross basis)8526332115771151226308
     Sold (gross basis)73257814759266629217
 A/BBB7,0972,8914,1433,050337757127333663
     Bought (gross basis)5,0992,9112,1491,558201434211219339
     Sold (gross basis)4,8882,8701,9951,492136322916214324
 Below investment grade2,0868991,15873485221815314630
     Bought (gross basis)1,493893585363471512658316
     Sold (gross basis)1,4919055733713877876314
 Non-rated1,61670585948611643456810052
     Bought (gross basis)1,192685480255602642326527
     Sold (gross basis)1,12972637923157173353625
 Single-name instruments
 Investment grade4,8392,5822,2151,478305365316917343
     Bought (gross basis)3,7582,5841,1467381962341529628
     Sold (gross basis)3,6622,5791,06874010913131177715
 AAA/AA 737466261103781010293210
     Bought (gross basis)6134631445055768185
     Sold (gross basis)59046911752233421144
 A/BBB4,1022,1151,9541,375227264414014133
     Bought (gross basis)3,1452,1211,0026881411735447823
     Sold (gross basis)3,0722,11095268786109966311
 Below investment grade1,33268264241153712105548
     Bought (gross basis)1,005686315205305738304
     Sold (gross basis)1,009678327207232467244
 Non-rated4502721677329125183111
     Bought (gross basis)37026110141201045218
     Sold (gross basis)35128366339201392
     Multi-name instruments
 Investment grade3,2369152,2871,689129603615921435
     Bought (gross basis)2,1939601,2148777635138512720
     Sold (gross basis)1,9588691,073812532523748715
 AAA/AA 24214097141911926195
     Bought (gross basis)240170677168618123
     Sold (gross basis)142109307333872
 A/BBB2,9947752,1891,675110492713319530
     Bought (gross basis)1,9547901,146870602776711517
     Sold (gross basis)1,8167601,043805502220668013
 Below investment grade75421751532331156479222
     Bought (gross basis)48820726915917104275312
     Sold (gross basis)4832272461641552213910
 Non-rated1,166433692412873240507041
     Bought (gross basis)821423379214401638284419
     Sold (gross basis)77844331219948152222622