Notional amounts outstanding | Gross market value | |||||||
---|---|---|---|---|---|---|---|---|
H2 2021 | H1 2022 | H2 2022 | H1 2023 | H2 2021 | H1 2022 | H2 2022 | H1 2023 | |
Commodity contracts | 2,218 | 2,962 | 2,337 | 2,244 | 391 | 920 | 521 | 301 |
By commodity | ||||||||
Gold | 686 | 820 | 700 | 824 | 17 | 26 | 27 | 25 |
Other precious metal | 95 | 106 | 91 | 92 | 6 | 8 | 8 | 8 |
Other commodities | 1,437 | 2,036 | 1,546 | 1,329 | 368 | 886 | 486 | 269 |
By instrument & commodity | ||||||||
Forwards and swaps | 1,708 | 2,341 | 1,814 | 1,734 | ||||
Gold | 528 | 627 | 548 | 644 | ||||
Other precious metal | 71 | 83 | 72 | 65 | ||||
Other commodities | 1,110 | 1,631 | 1,194 | 1,025 | ||||
Total options | 510 | 621 | 523 | 511 | ||||
Gold | 158 | 193 | 153 | 180 | ||||
Other precious metal | 24 | 23 | 19 | 27 | ||||
Other commodities | 328 | 405 | 352 | 304 | ||||
Options sold (gross basis) | 324 | 381 | 327 | 327 | ||||
Gold | 96 | 113 | 98 | 113 | ||||
Other precious metal | 12 | 12 | 10 | 15 | ||||
Other commodities | 215 | 256 | 219 | 199 | ||||
Options bought (gross basis) | 300 | 378 | 312 | 296 | ||||
Gold | 98 | 122 | 88 | 106 | ||||
Other precious metal | 17 | 16 | 13 | 18 | ||||
Other commodities | 185 | 240 | 211 | 171 | ||||
Credit derivatives | 9,061 | 9,542 | 9,941 | 10,122 | 211 | 247 | 186 | 203 |
Credit default swaps | 8,800 | 9,316 | 9,728 | 9,902 | 199 | 211 | 146 | 168 |
By instrument | ||||||||
Single-name instruments | 3,529 | 3,882 | 4,051 | 4,004 | 78 | 109 | 72 | 76 |
Multi-name instruments | 5,271 | 5,434 | 5,677 | 5,897 | 120 | 103 | 74 | 92 |
Index products | 4,905 | 5,160 | 5,156 | 5,618 | ||||
By counterparty | ||||||||
Reporting dealers | 1,160 | 1,178 | 1,169 | 1,134 | 33 | 46 | 30 | 33 |
Other financial institutions | 7,405 | 8,013 | 8,456 | 8,674 | 160 | 159 | 111 | 131 |
Central counterparties | 5,463 | 6,129 | 6,716 | 6,950 | 98 | 88 | 50 | 70 |
Banks and security firms | 686 | 828 | 779 | 831 | 20 | 26 | 26 | 26 |
Insurance firms | 113 | 120 | 103 | 101 | 5 | 4 | 3 | 3 |
SPVs, SPCs and SPEs | 81 | 83 | 70 | 68 | 3 | 4 | 3 | 2 |
Hedge funds | 395 | 391 | 332 | 359 | 15 | 19 | 16 | 17 |
Other financial customers | 667 | 462 | 456 | 367 | 19 | 18 | 14 | 13 |
Non-financial customers | 235 | 125 | 103 | 93 | 5 | 6 | 5 | 4 |
By rating category | ||||||||
Investment grade | 4,551 | 4,630 | 4,648 | 5,001 | ||||
Non-investment grade | 2,008 | 2,216 | 2,139 | 1,937 | ||||
Non-rated | 2,007 | 2,013 | 2,495 | 2,447 | ||||
By maturity | ||||||||
Up to 1 year | 1,219 | 1,202 | 1,307 | 1,414 | ||||
Between 1 and 5 years | 6,656 | 6,999 | 7,317 | 7,347 | ||||
Over 5 years | 691 | 658 | 658 | 625 | ||||
By sector | ||||||||
Sovereigns | 1,124 | 1,196 | 1,146 | 1,106 | ||||
Financial firms | 1,672 | 1,705 | 1,715 | 1,682 | ||||
Non-financial firms | 2,246 | 2,269 | 2,584 | 2,683 | ||||
Securitised products | 174 | 155 | 201 | 176 | ||||
Multiple sectors | 3,386 | 3,626 | 3,727 | 3,844 | ||||
By location of counterparty | ||||||||
Home country | 2,217 | 2,423 | 2,553 | 2,483 | ||||
Abroad | 6,349 | 6,437 | 6,729 | 6,902 | ||||
United States | 2,213 | 2,069 | 2,394 | 2,131 | ||||
European developed countries | 3,484 | 3,716 | 3,718 | 4,153 | ||||
Japan | 85 | 82 | 90 | 81 | ||||
Other Asian countries | 68 | 74 | 80 | 73 | ||||
Latin America | 264 | 286 | 274 | 282 | ||||
All other countries | 236 | 209 | 174 | 182 | ||||
Other derivatives | 337 | 574 | 561 | 593 | 22 | 53 | 58 | 58 |
Gross credit exposure | 2,535 | 3,297 | 3,673 | 3,644 |