Monday, May 21, 2007

Derivative growth slows in 2nd half of 2006 -BIS

(Reuters) - Credit derivative growth was marked by a 54 percent gain in
multi-name products such as collateralised debt obligations,
which are baskets of default swaps sliced to give investors
varying levels of exposure to risk. Growth in single-name
contracts was 36 percent.




In the interest rate derivative sector, the amount of
notional outstanding grew 11 percent in the second half to $292
trillion, after a 24 percent expansion in the first half, the
BIS said.


Read more at Reuters.com Bonds News

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