文章基本信息
- 标题：Counterparty risk and contract volumes in the credit default swap market
- 本地全文：下载
- 作者：Nicholas Vause
- 期刊名称：BIS Quarterly Review: International Banking and Financial Market Developments = BIZ-Quartalsbericht: Internationales Bankgeschäft und internationale Finanzmärkte
- 印刷版ISSN：1012-9979
- 出版年度：2010
- 卷号：2010
- 期号：1
- 出版社：Bank for International Settlements
- 摘要：
After more than a decade of rapid growth, the volume of outstanding credit default swaps peaked at almost $60 trillion at the end of 2007. Since then it has nearly halved, while turnover has continued to rise. The decline in volumes outstanding reflects intensified efforts to reduce counterparty risk, which have eliminated more than $65 trillion of offsetting positions.
