Of the OTC contracts, single-currency interest rate related contracts grew to $11.4 trillion – an increase of 12.4% over December 2001 figures – while foreign exchange-related contracts increased by 2.2% to $1.9 trillion. Credit derivatives contracts, however, decreased by 6.1% over the same period to $16.4 billion.
Interest rate swaps were by far the most popular instrument type, accounting for 77.1% of the total OTC figure. Foreign exchange swaps and forwards made up 8.3% of the total.
The week on Risk.net, December 2–8, 2017Receive this by email