Current Table

CREDIT DEFAULT SWAPS MARKET, 2004-2013 (1)
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($ billions, end of year)

Year Amount outstanding (2) Percent change
2004 $6,395.7 NA
2005 13,908.3 117.5%
2006 28,650.3 106.0
2007 58,243.7 103.3
2008 41,882.7 -28.1
2009 32,692.7 -21.9
2010 29,897.6 -8.5
2011 (3) 28,626.2 -4.3
2012 25,068.5 -12.4
2013 21,019.8 -16.2

(1) Based on over-the-counter derivatives data from the G10 countries (11 countries).
(2) Notional principal value outstanding. Notional value is the underlying (face) value.
(3) Beginning in December, 2011, the BIS added Spain and Australia to the survey, bringing the number of countries to 13.

NA=Data not available.

Source: Bank for International Settlements (BIS).

 

Archived Tables

CREDIT DEFAULT SWAPS MARKET, 2002-2008 (1)
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($ billions)

Year  Amount outstanding Percent change
2002 $2,192 138.5%
2003 3,779 72.5
2004 8,422 122.8
2005 17,096 103.0
2006 34,423 101.3
2007 62,173 80.6
2008 38,564 -38.0

(1) Notional principal value outstanding. Notional value is the underlying (face) value.

Source: International Swaps and Derivatives Association.

 
CREDIT DEFAULT SWAPS MARKET, 2001-2009
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($ billions, end of year)

Year Amount outstanding Percent change
2001 $919 NA
2002 2,192 138.5%
2003 3,779 72.5
2004 8,422 122.8
2005 17,096 103.0
2006 34,423 101.3
2007 62,173 80.6
2008 38,564 -38.0
2009 30,428 -21.1

(1) Notional principal value outstanding. Notional value is the underlying (face) value.

NA=Data not available.

Source: International Swaps and Derivatives Association.

 
CREDIT DEFAULT SWAPS MARKET, 2004-2010 (1)
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($ billions, end of year)

Year Amount outstanding (2) Percent change
2004 $6,395.7 NA
2005 13,908.3 117.5%
2006 28,650.3 106.0
2007 58,243.7 103.3
2008 41,882.7 -28.1
2009 32,692.7 -21.9
2010 29,897.6 -8.5

(1) Based on over-the-counter derivatives data from the G10 countries (11 countries).
(2) Notional principal value outstanding. Notional value is the underlying (face) value.

NA=Data not available.

Source: Bank for International Settlements.

 
CREDIT DEFAULT SWAPS MARKET, 2004-2011 (1)
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($ billions, end of year)

Year Amount outstanding (2) Percent change
2004 $6,395.7 NA
2005 13,908.3 117.5%
2006 28,650.3 106.0
2007 58,243.7 103.3
2008 41,882.7 -28.1
2009 32,692.7 -21.9
2010 29,897.6 -8.5
2011 (3) 28,633.0 -4.2

(1) Based on over-the-counter derivatives data from the G10 countries (11 countries).
(2) Notional principal value outstanding. Notional value is the underlying (face) value.
(3) Beginning in December 2011, the BIS added Spain and Australia to the survey, bringing the number of countries to 13.

NA=Data not available.

Source: Bank for International Settlements (BIS).