Global OTC derivatives market
In billions of US dollars
< H1 2016 > >|
Notional amounts outstanding Gross market value
H2 2014 H1 2015 H2 2015 H1 2016 H2 2014 H1 2015 H2 2015 H1 2016
 Commodity contracts1,8691,6711,3201,392318237297202
 By commodity
     Gold32324728633834267539
     Other precious metal666152637766
     Other commodities1,4811,363982992277205216157
 By instrument & commodity
 Forwards and swaps1,2151,101888952            
     Gold177156177202            
     Other precious metal35373242            
     Other commodities1,003908679708            
 Total options654570432441            
     Gold14592109136            
     Other precious metal31242021            
     Other commodities478454303284            
 Options sold (gross basis)396350252273            
     Gold88565581            
     Other precious metal19151313            
     Other commodities289278185179            
 Options bought (gross basis)404348276267            
     Gold90567885            
     Other precious metal19141212            
     Other commodities295278186169            
     Credit derivatives00011,890000347
 Credit default swaps16,39914,59412,29411,777593453421342
 By instrument
     Single-name instruments9,0418,2057,1836,620366278284215
 Multi-name instruments7,3586,3895,1105,156227175137127
     Index products6,7475,9094,7374,836
 By counterparty
     Reporting dealers7,7176,5035,4515,100289211195156
 Other financial institutions8,4857,8856,6526,518296235219181
     Central counterparties4,7904,5054,1854,386144117117102
     Banks and security firms1,3481,22985463546362617
     Insurance firms2161791631627565
     SPVs, SPCs, or SPEs219186170153121086
     Hedge funds81478861654942313528
     Other financial customers1,09899966563344352822
     Non-financial customers1972061901598775
 By rating category
     Investment grade9,7419,3197,9758,075            
     Non-investment grade3,5993,2522,2282,086            
     Non-rated3,0592,0242,0911,616            
 By maturity
     Up to 1 year3,0102,4262,6892,811            
     Between 1 and 5 years12,36710,9448,7788,199            
     Over 5 years1,0221,224827767            
 By sector
     Sovereigns2,4672,2842,0011,864            
     Financial firms3,9623,2592,6252,243            
     Non-financial firms5,6245,2754,2904,007            
     Securitised products227213225220            
     Multiple Sectors4,1173,5643,1523,443            
 By location of counterparty
     Home country3,4233,5102,8942,892
 Abroad12,97611,0859,4008,885
     United States3,4123,1592,5752,450
     European developed countries8,2056,7825,7185,483
     Japan117116137133
     Other Asian countries127100102104
     Latin America686607460325
     All other countries430320407389
     Other derivatives000840006
     Unallocated22,28119,56617,48131,9367915885501,473
     Gross credit exposure3,3552,8702,8623,692