Tuesday, November 4, 2008
Clarified CDS Market Size
Nov. 4 (Bloomberg) -- Credit-default swaps totaling $33.6
trillion are outstanding on companies, governments and asset-
backed securities worldwide, the Depository Trust & Clearing
Corp. said in a report that gives the broadest data yet on the
unregulated market.
About $15.4 trillion of the contracts were linked to
individual corporate, sovereign and asset-backed bonds, the DTCC
said in the report released on its Web site today. About $14.8
trillion is tied to indexes. The report also lists the 1,000
most-traded contracts. The New York-based DTCC estimates it sees
about 90 percent of all trades.
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