Interest rate swap outstandings by currency, 1989-97

Millions of US dollar equivalent notional amounts outstanding at year-end

1989 1990 1991 1992
Austrailian Dollar (AUD) $ 67,599 $ 67,342 $ 72,339 $ 103,944
Belgian Franc (BEL) 835 3,523 7,523 14,170
British Sterling (GBP) 100,417 242,089 253,516 294,804
Canadian Dollar (CAD) 29,169 68,292 61,335 98,571
Danish Krone (DKK) 1,054 908 5,080
Deutsche Mark (DEM) 84,620 193,365 263,411 344,430
Dutch Guilder (NLG) 5,979 13,743 18,742 31,212
Euro Currency Unit (XEU) 18,998 40,367 72,822 93,128
French Franc (FRF) 42,016 61,582 115,607 139,113
Hong Kong Dollar (HKD) 2,149 2,428 2,821 4,970
Italian Lira (ITL) 8,041 34,321 58,222
Japanese Yen (JPY) 128,022 231,942 478,923 706,042
New Zealand Dollar (NZD) 444 1,013 3,399 1,321
Spanish Peseta (ESP) 15,225
Swedish Krona (SEK) 11,485 18,223 17,702
Swiss Franc (CHF) 28,605 80,539 137,620 140,412
US Dollar (USD) 993,746 1,272,653 1,505,995 1,760,231
Other Currencies (OTH) 12,086 17,550 22,229
Total $ 1,502,599 $ 2,311,544 $ 3,065,055 $ 3,850,806
 1993 1994 1995 1996 1997
$ 131,130 $ 148,479 $ 167,687 $ 258,776 $ 300,777
31,102 50,618 74,631 166,138 241,645
437,138 674,025 853,977 1,367,070 1,456,633
126,309 224,467 219,714 331,523 498,655
9,110 18,834 45,678 94,574 133,131
629,724 911,670 1,438,884 2,486,242 3,278,227
52,052 56,975 101,846 157,180 187,802
133,133 163,493 223,149 302,466 293,157
456,371 461,655 1,219,875 1,560,924 2,377,551
9,467 21,411 39,971 82,372 99,113
162,042 259,548 405,402 807,221 1,128,365
1,247,444 1,987,377 2,895,871 4,441,799 4,313,133
6,209 5,484 6,063 22,604 32,888
42,115 99,295 163,662 316,673 419,800
32,049 147,332 93,751 207,549 196,655
182,207 201,666 331,676 453,648 537,700
2,457,043 3,230,057 4,371,650 5,827,482 6,078,082
32,707 153,176 157,249 286,668 718,017
$ 6,177,352 $ 8,815,562 $ 12,810,736 $ 19,170,909 ###
Cross-currency swap outstandings by currency, 1989-97
Millions of US dollar equivalent notional amounts outstanding at year-end
1989 1990 1991 1992 1993
Australian Dollar (AUD) $ 61,768 $ 77,407 $ 86,524 $ 95,991 $ 92,693
Belgian Franc (BEL) 2,997 5,695 6,878 10,398 13,586
British Sterling (GBP) 33,466 49,041 74,835 80,232 88,285
Canadian Dollar (CAD) 32,580 56,919 63,686 90,784 70,666
Danish Krone (DKK) 1,738 2,803 3,025 6,509
Deutsche Mark (DEM) 53,839 72,310 95,178 106,664 139,377
Dutch Guilder (NLG) 10,232 13,109 12,472 14,832 19,494
Euro Currency Unit (XEU) 39,948 47,832 61,452 71,953 73,510
French Franc (FRF) 8,435 13,398 17,257 31,632 45,754
Hong Kong Dollar (HKD) 583 639 957 1,461 4,172
Italian Lira (ITL) 13,604 36,901 43,991 45,439
Japanese Yen (JPY) 201,145 244,787 360,088 308,569 317,590
New Zealand Dollar (NZD) 5,818 5,815 6,486 3,647 4,871
Spanish Peseta (ESP) 40,169 33,995
Swedish Krona (SEK) 6,189 17,734 29,861 34,403
Swiss Franc (CHF) 64,823 92,084 136,606 139,053 146,544
US Dollar (USD) 354,166 428,355 584,263 618,039 640,081
Other Currencies (OTH) 26,147 51,212 30,472 22,266
Total $ 434,900 $ 577,535 $ 807,666 $ 860,387 $ 899,618
 1994 1995 1996 1997
$ 74,052 $ 90,151 $ 122,894 $ 118,316
15,997 20,718 30,153 32,745
85,986 91,497 137,129 142,941
89,717 99,954 106,359 123,761
5,059 8,927 16,623 18,163
153,882 238,018 243,005 390,666
18,379 28,079 30,666 38,144
54,795 83,000 80,109 65,218
48,998 81,386 113,003 142,907
4,966 8,243 15,470 23,672
51,117 72,624 89,969 119,892
339,880 400,021 539,595 533,680
4,029 3,034 8,677 14,823
33,792 27,478 40,616 34,054
37,289 32,980 40,695 34,146
127,214 150,573 128,541 121,143
643,108 837,765 118,579 1,333,666
41,430 120,341 257,190 359,318
$ 914,845 $ 1,197,395 $ 1,059,637 $ 1,823,628
ISDA Market Survey
Notional amounts outstanding at year-end, all surveyed contracts, 1987-present
Notional amounts in billions of US dollars

Year-end Year-end
outstandings for Year-end outstandings for Total IR and Total credit Total equity Notional amounts outstanding at year-end, all surveyed contracts
interest rate outstandings for interest rate currency default swap derivative
swaps currency swaps options outstandings outstandings outstandings Total credit default swap outstandings Total equity derivative outstandings
1987 $ 682.80 $ 182.80 $ 865.60
1988 1,010.20 316.80 327.30 1,654.30 100%

1989 1,502.60 434.90 537.30 2,474.70 90%

1990 2,311.54 577.53 561.30 3,450.30
80%
1991 3,065.10 807.67 577.20 4,449.50
70%
1992 3,850.81 860.39 634.50 5,345.70
1993 6,177.35 899.62 1,397.60 8,474.50 60%
1994 8,815.56 914.85 1,572.80 11,303.20 50%
1995 12,810.74 1,197.39 3,704.50 17,712.60
40%
1996 19,170.91 1,059.64 4,722.60 25,453.10
1997 22,291.33 1,823.63 4,920.10 29,035.00 30%

1998 50,997.00 20%

1999 58,265.00
10%
2000 63,009.00
0%
2001 69,207.30 918.87 2002 2003 2004 2005 2006 2007 2008
2002 101,318.49 2,191.57 2,455.29
2003 142,306.92 3,779.40 3,444.08
2004 183,583.27 8,422.26 4,151.29
2005 213,194.58 17,096.14 5,553.97
2006 285,728.14 34,422.80 7,178.48
2007 382,302.71 62,173.20 9,995.71
2008 403,072.81 38,563.82 8,733.03

Copyright @ 2007 by International Swaps and Derivatives Association, Inc.

Brief excerpts may be reproduced provided the source is stated.
ISDA Market Survey
Notional amounts outstanding, semiannual data, all surveyed contracts, 1987-present
Notional amounts in billions of US dollars, adjusted for double-counting

Credit default Equity

Interest rate swaps Cross-currency swaps Interest rate options Total IR and currency
swaps derivatives

Activity Outstanding Activity Outstanding Activity Outstanding Activity Outstanding Outstanding Outstanding
1H87 $ 181.50 $ 43.50 $ 225.00
2H87 206.30 682.80 42.30 182.80 248.60 865.60
1H88 250.50 60.30 310.80
2H88 317.60 1,010.20 62.30 316.80 327.30 379.90 1,654.30 Notional amounts(semiannually) for IR and currency swaps vs CDS
1H89 389.20 77.60 186.80 653.60
2H89 444.40 1,502.60 92.00 434.80 148.70 537.30 685.10 2,474.70 500,000.00
1H90 561.50 94.60 138.00 794.10
2H90 702.80 2,311.50 118.10 577.50 154.30 561.30 975.20 3,450.30 450,000.00
1H91 762.10 161.30 198.80 1,122.20
2H91 859.70 3,065.10 167.10 807.20 183.90 577.20 1,210.70 4,449.50 400,000.00
1H92 1,318.30 156.10 293.60 1,768.00
2H92 1,504.30 3,850.80 145.80 860.40 298.80 634.50 1,948.90 5,345.70 350,000.00
1H93 1,938.40 156.80 509.70 2,604.90
2H93 2,166.20 6,177.30 138.40 899.60 607.30 1,397.60 2,911.90 8,474.50 300,000.00
1H94 3,182.90 181.00 850.20 4,214.10
2H94 3,058.00 8,815.60 198.30 914.80 663.00 1,572.80 3,919.30 11,303.20 250,000.00
1H95 3,428.90 10,817.00 153.80 1,039.70 675.80 2,066.20 4,258.50 13,922.90
2H95 5,269.90 12,810.70 301.30 1,197.40 1,339.60 3,704.50 6,910.80 17,712.60 200,000.00
1H96 6,520.30 15,584.20 374.00 1,294.70 1,415.70 4,190.10 8,310.00 21,068.90
2H96 7,157.90 19,170.90 385.10 1,559.60 1,921.50 4,722.60 9,464.50 25,453.10
150,000.00
1H97 10,792.20 22,115.40 463.10 1,584.80 2,566.60 5,033.10 13,821.90 28,733.30
2H97 6,274.90 22,291.30 672.30 1,823.60 1,411.80 4,920.10 8,359.00 29,035.00
100,000.00
1H98 36,974.00
2H98 50,997.00
1H99 52,710.50 50,000.00
2H99 58,265.00
1H00 60,366.00 0.00
1H01 2H01 1H02 2H02 1H03 2H03 1H04 2H04 1H05 2H05 1H06 2H06 1H07 2H07 1H08 2H08 1H09
2H00 63,009.00
1H01 57,305.00 631.50 Total IR and currency Credit default swaps
2H01 69,207.30 918.87
1H02 82,737.03 1,563.48 2,312.13
2H02 101,318.49 2,191.57 2,455.29
1H03 123,899.63 2,687.91 2,784.25
2H03 142,306.92 3,779.40 3,444.08
1H04 164,491.72 5,441.86 3,778.15
2H04 183,583.27 8,422.26 4,151.29
1H05 201,413.54 12,429.88 4,825.98
2H05 213,194.58 17,096.14 5,553.97
1H06 250,829.99 26,005.72 6,383.03
2H06 285,728.14 34,422.80 7,178.48
1H07 347,093.64 45,464.50 10,012.90
2H07 382,302.71 62,173.20 9,995.71
1H08 464,694.95 54,611.82 11,888.13
2H08 403,072.81 38,563.82 8,733.03
1H09 414,089.08 31,223.10 8,788.36

Copyright @ 2009 by International Swaps and Derivatives Association, Inc.

Brief excerpts may be reproduced provided the source is stated.
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