BIS Statistics Explorer: Table D5.2

Global OTC derivatives market

In billions of US dollars

« ‹ H2 2016 › »	Notional amounts outstanding				Gross market value
	H1 2015	H2 2015	H1 2016	H2 2016	H1 2015	H2 2015	H1 2016	H2 2016
Commodity contracts	1,877	1,504	1,770	1,671	243	302	246	204
By commodity
Gold	365	391	509	495	28	77	34	34
Other precious metal	67	57	70	59	7	7	7	5
Other commodities	1,444	1,055	1,191	1,117	207	218	206	166
By instrument & commodity
Forwards and swaps	1,235	1,007	1,297	1,249
Gold	236	250	361	351
Other precious metal	42	36	49	40
Other commodities	956	722	887	859
Total options	642	496	474	422
Gold	129	142	149	145
Other precious metal	25	21	22	19
Other commodities	488	333	303	259
Options sold (gross basis)	395	293	293	257
Gold	80	76	90	88
Other precious metal	16	13	13	12
Other commodities	299	203	190	157
Options bought (gross basis)	391	314	286	259
Gold	77	97	92	89
Other precious metal	15	13	13	11
Other commodities	298	204	181	159
Credit derivatives	14,987	12,644	11,994	10,103	459	427	350	301
Credit default swaps	14,689	12,379	11,847	9,931	455	423	346	295
By instrument
Single-name instruments	8,265	7,237	6,639	5,635	279	286	218	168
Multi-name instruments	6,424	5,142	5,208	4,295	176	138	128	127
Index products	5,909	4,737	4,836	3,840
By counterparty
Reporting dealers	6,554	5,497	5,117	3,760	212	196	155	114
Other financial institutions	7,924	6,688	6,573	6,018	235	220	185	175
Central counterparties	4,505	4,185	4,392	4,339	117	117	102	110
Banks and security firms	1,262	883	669	452	37	27	18	13
Insurance firms	182	166	173	165	6	6	8	7
SPVs, SPCs and SPEs	186	170	153	96	10	8	6	5
Hedge funds	788	616	548	440	31	35	28	23
Other financial customers	1,002	667	637	525	35	28	22	18
Non-financial customers	211	194	158	153	8	8	6	5
By rating category
Investment grade	9,319	7,975	8,087	6,467
Non-investment grade	3,252	2,228	2,090	2,026
Non-rated	2,024	2,091	1,586	1,364
By maturity
Up to 1 year	2,426	2,689	2,800	2,672
Between 1 and 5 years	10,944	8,778	8,195	6,455
Over 5 years	1,224	827	768	731
By sector
Sovereigns	2,298	2,014	1,902	1,746
Financial firms	3,259	2,625	2,171	1,804
Non-financial firms	5,275	4,290	4,035	3,181
Securitised products	213	225	220	305
Multiple sectors	3,564	3,152	3,471	2,852
By location of counterparty
Home country	3,509	2,894	2,891	2,517
Abroad	11,085	9,400	8,872	7,340
United States	3,159	2,575	2,449	2,166
European developed countries	6,782	5,718	5,470	4,372
Japan	116	137	134	100
Other Asian countries	100	102	107	83
Latin America	607	460	326	344
All other countries	320	407	386	276
Other derivatives	62	55	89	100	17	16	6	6
Gross credit exposure					2,870	2,862	3,697	3,296