Regular OTC Derivatives Market Statistics 19 May 2009
The BIS is releasing today its semiannual statistics on positions in the global OTC derivatives market for end-December 2008. The statistics cover the notional amounts and gross market values outstanding of the worldwide consolidated OTC derivatives exposure of major banks and dealers in the G10 countries.
The total notional amount of over-the-counter (OTC) derivatives contracts outstanding was $592.0 trillion at the end of December 2008, 13.4% lower than six months earlier. The decline is the first since collection of the data began in 1998. Credit market turmoil and the multilateral netting of contracts led to a contraction of 26.9% in outstanding credit default swaps (CDS). The second half of 2008 also saw the first significant decline of OTC derivatives contracts outstanding in the interest rate market (8.6%) and in the foreign exchange market (21%).
Despite the drop in amounts outstanding, movements of financial market prices in the second half of 2008 lifted gross market values 66.5%, to $33.9 trillion. Gross market values measure the cost of replacing all existing contracts and are thus a better measure of market risk than notional amounts outstanding.
The statistical release cites the following trends in the second half of 2008:
* CDS volumes continued to contract * Commodity derivatives markets declined by two thirds * The market value of interest rate products almost doubled
Comprehensive explanatory notes in the release define the coverage of the statistics and the terms used in presenting them.
Judge's Message to Rating Agencies: Free Speech Not Freedom to Defraud [View article]
perfect exemple of ratings agency are lie, anyboby around the wolrd believe that:
U.S., U.K. AAA ratings safe. Moody's said the triple-A sovereign debt ratings of the U.K. and the U.S. aren't at risk in the 'near future.' The ratings agency said only a sustained increase in government debt over several years would warrant a downgrade, but that it doesn't anticipate such an event. The comments could help lift the battered British pound.
Wall Street Breakfast: Must-Know News [View article]
Mark-to-market changes is the worse manipulation banksters have been done with administration help. toxics assets value are close to zero, now they are able to increase and sell these ones to Fed payable with taxmoney payers. well done !!!!! but not for long time.
Wall Street Breakfast: Must-Know News [View article]
G-20 sarkosy is like king or emperor ( napoleon), small guy, nervous and completly inefficiant to understand and resolve financial crisis. promise many things, do nothing!!!
Skipper you buy paper not from someone else, only to ETF's and in this way you help them to short the gold. best way is solid gold, small coins and is this case gold comme from someone else. forget paper, all ETF's print more paper that they have real gold is their vaults.
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Latest | Highest ratedWall Street Breakfast: Must-Know News [View article]
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Regular OTC Derivatives Market Statistics
19 May 2009
The BIS is releasing today its semiannual statistics on positions in the global OTC derivatives market for end-December 2008. The statistics cover the notional amounts and gross market values outstanding of the worldwide consolidated OTC derivatives exposure of major banks and dealers in the G10 countries.
The total notional amount of over-the-counter (OTC) derivatives contracts outstanding was $592.0 trillion at the end of December 2008, 13.4% lower than six months earlier. The decline is the first since collection of the data began in 1998. Credit market turmoil and the multilateral netting of contracts led to a contraction of 26.9% in outstanding credit default swaps (CDS). The second half of 2008 also saw the first significant decline of OTC derivatives contracts outstanding in the interest rate market (8.6%) and in the foreign exchange market (21%).
Despite the drop in amounts outstanding, movements of financial market prices in the second half of 2008 lifted gross market values 66.5%, to $33.9 trillion. Gross market values measure the cost of replacing all existing contracts and are thus a better measure of market risk than notional amounts outstanding.
The statistical release cites the following trends in the second half of 2008:
* CDS volumes continued to contract
* Commodity derivatives markets declined by two thirds
* The market value of interest rate products almost doubled
Comprehensive explanatory notes in the release define the coverage of the statistics and the terms used in presenting them.
Judge's Message to Rating Agencies: Free Speech Not Freedom to Defraud [View article]
U.S., U.K. AAA ratings safe. Moody's said the triple-A sovereign debt ratings of the U.K. and the U.S. aren't at risk in the 'near future.' The ratings agency said only a sustained increase in government debt over several years would warrant a downgrade, but that it doesn't anticipate such an event. The comments could help lift the battered British pound.
Wall Street Breakfast: Must-Know News [View article]
is the worse manipulation banksters have been done with administration help.
toxics assets value are close to zero, now they are able to increase and sell these ones to Fed payable with taxmoney payers.
well done !!!!! but not for long time.
Wall Street Breakfast: Must-Know News [View article]
sarkosy is like king or emperor ( napoleon), small guy, nervous and completly inefficiant to understand and resolve financial crisis.
promise many things, do nothing!!!
The Financial Crisis Is Escalating Out of Control [View article]
www.dailymail.co.uk/ne...
amazing, no?
The Financial Crisis Is Escalating Out of Control [View article]
everybody knows their name,no?
where is the justice? at side of power?
1100 Tonnes Now in the GLD Trust [View article]
www.marketskeptics.com...
parts 5
On Mar 21 10:44 AM econ_base wrote:
> Is this 1100tonnes figure audited to be physically sitting in the
> GLD vaults? How frequently is the audit and who is the auditor?
1100 Tonnes Now in the GLD Trust [View article]
read this data about GLD:
www.marketskeptics.com...
1100 Tonnes Now in the GLD Trust [View article]
you buy paper not from someone else, only to ETF's and in this way you help them to short the gold.
best way is solid gold, small coins and is this case gold comme from someone else.
forget paper, all ETF's print more paper that they have real gold is their vaults.
How Are We Going to Pay for All of This Stimulus? [View article]
National Debt $11,042,553,971,450.47 treas.gov
New all-time high
banksters, are you happy?
treasurydirect.gov...
Inflationary Problems Facing the Fed [View article]
New all-time high
banksters, are you happy?
treasurydirect.gov...
Wall Street Breakfast: Must-Know News [View article]
New all-time high
banksters, are you happy?
www.treasurydirect.gov...
What the Fed's Announcement Means for Gold [View article]
What's Another $1.15 Trillion? [View article]
Fed's Bond Buy Signals Crisis [View article]