Total notional volume of over-the-counter derivatives rose 3% in the second half of 2010 to USD601 trillion after shrinking by 4% in the first six months of last year, according to the Bank for International Settlements. BIS also reported that credit default swaps continued to contract, falling 1% after a 7% decline in the first half of 2010, and that overall gross credit exposure slipped 7% to USD3.3 trillion, compared with a 2% increase in the first six months of last year.
Click here to read the release from the Bank for International Settlements