OTC derivatives fall to lowest levels since financial crisis, BIS says
The gross market value of outstanding OTC derivatives contracts falls to below $13 trillion at mid-2017
The market value of credit derivatives fell at the end of June 2017 to its lowest level since the global financial crisis, according to the Bank for International Settlements.
The measure is a more meaningful indicator of market and counterparty credit risk relative to notional amounts, the BIS said. It declined to $13 trillion at the end of the first half of the year from $15 trillion at the beginning of 2017.
The market value of contracts denominated in US dollars fell by 22% during the same
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