Notional amounts outstanding | Gross market value | |||||||
---|---|---|---|---|---|---|---|---|
H1 2021 | H2 2021 | H1 2022 | H2 2022 | H1 2021 | H2 2021 | H1 2022 | H2 2022 | |
Commodity contracts | 2,453 | 2,218 | 2,962 | 2,337 | 300 | 391 | 920 | 521 |
By commodity | ||||||||
Gold | 978 | 686 | 820 | 700 | 25 | 17 | 26 | 27 |
Other precious metal | 116 | 95 | 106 | 91 | 7 | 6 | 8 | 8 |
Other commodities | 1,359 | 1,437 | 2,036 | 1,546 | 268 | 368 | 886 | 486 |
By instrument & commodity | ||||||||
Forwards and swaps | 1,586 | 1,708 | 2,341 | 1,814 | ||||
Gold | 487 | 528 | 627 | 548 | ||||
Other precious metal | 84 | 71 | 83 | 72 | ||||
Other commodities | 1,015 | 1,110 | 1,631 | 1,194 | ||||
Total options | 867 | 510 | 621 | 523 | ||||
Gold | 491 | 158 | 193 | 153 | ||||
Other precious metal | 32 | 24 | 23 | 19 | ||||
Other commodities | 344 | 328 | 405 | 352 | ||||
Options sold (gross basis) | 554 | 324 | 381 | 327 | ||||
Gold | 317 | 96 | 113 | 98 | ||||
Other precious metal | 17 | 12 | 12 | 10 | ||||
Other commodities | 221 | 215 | 256 | 219 | ||||
Options bought (gross basis) | 506 | 300 | 378 | 312 | ||||
Gold | 284 | 98 | 122 | 88 | ||||
Other precious metal | 22 | 17 | 16 | 13 | ||||
Other commodities | 200 | 185 | 240 | 211 | ||||
Credit derivatives | 9,121 | 9,061 | 9,542 | 9,941 | 220 | 211 | 247 | 186 |
Credit default swaps | 8,813 | 8,800 | 9,316 | 9,728 | 205 | 199 | 211 | 146 |
By instrument | ||||||||
Single-name instruments | 3,445 | 3,529 | 3,882 | 4,051 | 71 | 78 | 109 | 72 |
Multi-name instruments | 5,368 | 5,271 | 5,434 | 5,677 | 134 | 120 | 103 | 74 |
Index products | 4,335 | 4,905 | 5,160 | 5,156 | ||||
By counterparty | ||||||||
Reporting dealers | 1,112 | 1,160 | 1,178 | 1,169 | 33 | 33 | 46 | 30 |
Other financial institutions | 7,458 | 7,405 | 8,013 | 8,456 | 166 | 160 | 159 | 111 |
Central counterparties | 5,615 | 5,463 | 6,129 | 6,716 | 101 | 98 | 88 | 50 |
Banks and security firms | 634 | 686 | 828 | 779 | 22 | 20 | 26 | 26 |
Insurance firms | 112 | 113 | 120 | 103 | 6 | 5 | 4 | 3 |
SPVs, SPCs and SPEs | 75 | 81 | 83 | 70 | 3 | 3 | 4 | 3 |
Hedge funds | 406 | 395 | 391 | 332 | 15 | 15 | 19 | 16 |
Other financial customers | 616 | 667 | 462 | 456 | 20 | 19 | 18 | 14 |
Non-financial customers | 243 | 235 | 125 | 103 | 6 | 5 | 6 | 5 |
By rating category | ||||||||
Investment grade | 4,769 | 4,551 | 4,630 | 4,648 | ||||
Non-investment grade | 1,879 | 2,008 | 2,216 | 2,139 | ||||
Non-rated | 1,927 | 2,007 | 2,013 | 2,495 | ||||
By maturity | ||||||||
Up to 1 year | 1,178 | 1,219 | 1,202 | 1,307 | ||||
Between 1 and 5 years | 6,673 | 6,656 | 6,999 | 7,317 | ||||
Over 5 years | 723 | 691 | 658 | 658 | ||||
By sector | ||||||||
Sovereigns | 1,109 | 1,124 | 1,196 | 1,146 | ||||
Financial firms | 1,822 | 1,672 | 1,705 | 1,715 | ||||
Non-financial firms | 2,325 | 2,246 | 2,269 | 2,584 | ||||
Securitised products | 953 | 174 | 155 | 201 | ||||
Multiple sectors | 2,402 | 3,386 | 3,626 | 3,727 | ||||
By location of counterparty | ||||||||
Home country | 2,136 | 2,217 | 2,423 | 2,553 | ||||
Abroad | 6,438 | 6,349 | 6,437 | 6,729 | ||||
United States | 1,981 | 2,213 | 2,069 | 2,394 | ||||
European developed countries | 3,848 | 3,484 | 3,716 | 3,718 | ||||
Japan | 84 | 85 | 82 | 90 | ||||
Other Asian countries | 72 | 68 | 74 | 80 | ||||
Latin America | 245 | 264 | 286 | 274 | ||||
All other countries | 209 | 236 | 209 | 174 | ||||
Other derivatives | 347 | 337 | 574 | 561 | 15 | 22 | 53 | 58 |
Gross credit exposure | 2,713 | 2,535 | 3,297 | 3,673 |