Bloomberg News

Derivatives Market Growth Accelerates to 18%, BIS Says

November 15, 2011

Nov. 16 (Bloomberg) -- Growth in derivatives markets accelerated in the first half of this year, a report from the Bank of International Settlements showed today.

Notional amounts outstanding of over-the-counter derivatives climbed 18 percent to $707.6 trillion by the end of June, compared with the six months ended December 2010, when they increased 3 percent, the bank said in the report.

Interest-rate swaps jumped 21 percent to $441.6 trillion in the first half, accounting for 62 percent of the total amount, the report showed. Credit-default swaps rose 8 percent to $32.4 trillion, the BIS said.

--Editors: Jonathan Annells, Naoto Hosoda

To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net.

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net.


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