UK-based corporates have the highest usage, with all 35 surveyed companies using derivatives. In the US, 94% of the 196 companies questioned said they use derivatives, the same percentage as German corporates. French and Japanese companies followed closely behind, with 92% and 91% respectively using derivatives.
"We weren’t very surprised by the results," said Keith Bailey, managing director of Merrill Lynch and chairman of Isda. "It is a very compelling endorsement of the product by the largest companies in the world, and shows it is very important to use derivatives in a competitive environment."
The survey will be released on an annual basis, and may include further information in future, including volumes outstanding and product breakdown.
The week on Risk.net, December 2–8, 2017Receive this by email