BIS Statistics Explorer: Table D5.2

Global OTC derivatives market

In billions of US dollars

« ‹ H1 2017 › »	Notional amounts outstanding				Gross market value
	H2 2015	H1 2016	H2 2016	H1 2017	H2 2015	H1 2016	H2 2016	H1 2017
Commodity contracts	1,504	1,770	1,671	1,762	302	246	204	171
By commodity
Gold	391	509	495	535	77	34	34	23
Other precious metal	57	70	59	75	7	7	5	4
Other commodities	1,055	1,191	1,117	1,152	218	206	166	144
By instrument & commodity
Forwards and swaps	1,007	1,297	1,249	1,352
Gold	250	361	351	395
Other precious metal	36	49	40	58
Other commodities	722	887	859	900
Total options	496	474	422	410
Gold	142	149	145	141
Other precious metal	21	22	19	17
Other commodities	333	303	259	253
Options sold (gross basis)	293	293	257	254
Gold	76	90	88	83
Other precious metal	13	13	12	11
Other commodities	203	190	157	160
Options bought (gross basis)	314	286	259	248
Gold	97	92	89	89
Other precious metal	13	13	11	10
Other commodities	204	181	159	149
Credit derivatives	12,644	11,994	10,103	9,967	427	350	301	307
Credit default swaps	12,379	11,847	9,931	9,727	423	346	295	300
By instrument
Single-name instruments	7,237	6,639	5,635	5,101	286	218	168	152
Multi-name instruments	5,142	5,208	4,295	4,626	138	128	127	148
Index products	4,737	4,836	3,840	4,229
By counterparty
Reporting dealers	5,497	5,117	3,760	2,971	196	155	114	89
Other financial institutions	6,688	6,573	6,018	6,597	220	185	175	206
Central counterparties	4,185	4,392	4,339	4,912	117	102	110	142
Banks and security firms	883	669	452	426	27	18	13	12
Insurance firms	166	173	165	143	6	8	7	6
SPVs, SPCs and SPEs	170	153	96	90	8	6	5	4
Hedge funds	616	548	440	435	35	28	23	21
Other financial customers	667	637	525	590	28	22	18	20
Non-financial customers	194	158	153	159	8	6	5	6
By rating category
Investment grade	7,975	8,087	6,467	6,260
Non-investment grade	2,228	2,090	2,026	2,156
Non-rated	2,091	1,586	1,364	1,229
By maturity
Up to 1 year	2,689	2,800	2,672	2,513
Between 1 and 5 years	8,778	8,195	6,455	6,404
Over 5 years	827	768	731	727
By sector
Sovereigns	2,014	1,902	1,746	1,673
Financial firms	2,625	2,171	1,804	1,674
Non-financial firms	4,290	4,035	3,181	2,660
Securitised products	225	220	305	293
Multiple sectors	3,152	3,471	2,852	3,380
By location of counterparty
Home country	2,894	2,891	2,517	2,380
Abroad	9,400	8,872	7,340	7,265
United States	2,575	2,449	2,166	2,205
European developed countries	5,718	5,470	4,372	4,278
Japan	137	134	100	95
Other Asian countries	102	107	83	81
Latin America	460	326	344	323
All other countries	407	386	276	282
Other derivatives	55	89	100	112	16	6	6	9
Gross credit exposure					2,862	3,697	3,296	2,770