BIS Statistics Explorer: Table D10.4

Credit default swaps, by sector of reference entity

Notional amounts outstanding, in billions of US dollars

« ‹ H1 2023 › »	Total	Reporting dealers	Other financial institutions							Non-financial institutions
« ‹ H1 2023 › »			Total	CCPs	Banks and securities firms	Insurance and financial guaranty firms	SPVs, SPCc and SPEs	Hedge funds	Other
			Total	CCPs	Banks and securities firms	Insurance and financial guaranty firms	SPVs, SPCc and SPEs	Hedge funds	Other
Total CDS contracts
Sovereigns	1,106	305	784	555	124	18	7	28	52	17
Bought (gross basis)	715	307	395	264	78	10	6	9	27	13
Sold (gross basis)	696	303	389	291	46	9	1	19	25	4
Financial firms	1,682	248	1,412	1,062	135	24	25	73	93	22
Bought (gross basis)	990	249	733	543	78	8	12	41	52	8
Sold (gross basis)	939	247	679	519	57	16	13	32	41	14
Non-financial firms	2,683	331	2,327	1,894	192	25	17	103	96	25
Bought (gross basis)	1,588	341	1,232	962	113	18	13	64	62	14
Sold (gross basis)	1,426	321	1,095	932	80	7	4	38	34	10
Securitised products and multiple sectors	4,019	220	3,774	3,153	291	31	16	156	126	26
Bought (gross basis)	2,180	217	1,949	1,623	130	19	9	95	73	15
Sold (gross basis)	2,059	223	1,825	1,530	161	12	8	61	53	12
ABS & MBS	129	26	101	59	2	1	0	20	19	2
Bought (gross basis)	80	24	55	31	1	1	0	11	12	1
Sold (gross basis)	75	28	46	28	1	0	0	10	7	1
Other securitised products	47	4	41	31	3	1	4	0	0	1
Bought (gross basis)	29	5	24	19	2	0	2	0	0	1
Sold (gross basis)	22	4	17	12	2	1	2	0	0	0
Multiple Sectors	3,844	189	3,631	3,063	286	29	12	135	107	23
Bought (gross basis)	2,071	188	1,870	1,573	127	18	6	84	61	13
Sold (gross basis)	1,962	190	1,761	1,489	158	11	6	51	46	11
Single-name instruments
Sovereigns	1,038	281	740	526	118	17	7	27	45	17
Bought (gross basis)	671	287	371	249	73	10	6	9	24	13
Sold (gross basis)	649	276	369	277	45	7	1	18	21	4
Financial firms	852	191	648	433	92	19	12	50	42	13
Bought (gross basis)	534	194	333	214	56	5	8	24	27	7
Sold (gross basis)	509	188	315	219	37	14	4	26	15	6
Non-financial firms	1,730	256	1,457	1,158	161	12	16	57	54	16
Bought (gross basis)	1,051	268	770	585	95	9	13	31	37	13
Sold (gross basis)	934	244	687	573	66	3	3	25	17	3
Multi-name instruments
Sovereigns	68	24	44	29	6	1	0	0	7	0
Bought (gross basis)	44	20	24	15	5	0	0	0	3	0
Sold (gross basis)	47	27	20	14	1	1	0	0	4	0
Financial firms	830	57	764	629	43	5	13	23	51	9
Bought (gross basis)	456	55	400	329	23	3	4	17	25	1
Sold (gross basis)	431	58	364	300	21	2	9	6	26	8
Non-financial firms	953	75	870	736	32	13	1	46	42	8
Bought (gross basis)	536	73	462	376	18	10	1	33	25	1
Sold (gross basis)	492	77	408	360	14	4	1	13	17	7
Securitised products and multiple sectors	4,019	220	3,774	3,153	291	31	16	156	126	26
Bought (gross basis)	2,180	217	1,949	1,623	130	19	9	95	73	15
Sold (gross basis)	2,059	223	1,825	1,530	161	12	8	61	53	12
ABS & MBS	129	26	101	59	2	1	0	20	19	2
Bought (gross basis)	80	24	55	31	1	1	0	11	12	1
Sold (gross basis)	75	28	46	28	1	0	0	10	7	1
Other securitised products	47	4	41	31	3	1	4	0	0	1
Bought (gross basis)	29	5	24	19	2	0	2	0	0	1
Sold (gross basis)	22	4	17	12	2	1	2	0	0	0
Multiple Sectors	3,844	189	3,631	3,063	286	29	12	135	107	23
Bought (gross basis)	2,071	188	1,870	1,573	127	18	6	84	61	13
Sold (gross basis)	1,962	190	1,761	1,489	158	11	6	51	46	11