The outstanding notional value of credit-default swaps has grown by 31% in the first six months of the year, while the combined interest rate and currency swaps market has grown 14%, according to the International Swaps and Derivatives Association's mid-year flash survey. The organization plans to release data tomorrow that for the first time will include igures detailing the size of the equity derivatives market. Stacy Carey, policy director in New York, said the organization decided to add equity derivatives to its survey because there is not a lot of data covering this market.
At the end of June, there was USD1.2 trillion in outstanding credit-default swaps, compared with USD918.8 billion at the end of last year. The outstanding notional value of interest rate and currency swaps combined was USD79.1 trillion at the end of June compared with SD69.2 trillion at the end of last year. For equity derivatives products, including options, forwards and swaps, the outstanding notional value was USD2.2 trillion at mid-year. ISDA surveyed its 212 primary members and received responses from 83 members for credit-default swaps data, 76 members for interest rate and fx swaps data and 75 for equity swaps data.
