Follow Us:

Notional Value of Exchange-Traded and Over the Counter Contracts

Table of Contents >

Currently, the Commission receives swap data on special price discovery contracts (SPDC) under provisions of the Food, Conservation and Energy Act of 2008 (Farm Bill). The estimated annual volume for SPDC in 2011 is about 244 million contracts with an estimated notional value of $147 million on May 2, 2011. The contracts declared SPDCs are a fraction of the commodity swaps market which had an outstanding notional value of $2.9 trillion at the end of first half of 2010 according to the Bank for International Settlements (BIS). Furthermore, the commodity swaps market is the smallest sector of the overall swaps market comprising only 0.4 percent of the $583 trillion total notional value.

Notional Value of Exchange-Traded and Over the Counter Contracts
(Amount in Trillions)
  2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Exchange-Traded Futures and Options1 16 23 38 38 43 43 30 34 36 38
OTC Contracts (OCC)2 51 64 83 95 124 158 165 276 287 287
OTC Contracts (BIS)3 142 197 258 298 415 596 598 604 583 583

1 Exchange-Traded Futures/Options are those traded on CFTC Designated Contract Markets. (back to text)

2 Office of the Comptroller of the Currency (OCC) data is for the top 25 bank holding companies with the most derivative contracts and "OTC" includes: Forwards, Swaps, Options, and Credit Derivatives. (back to text)

3 Bank for International Settlements (BIS) OTC data includes "Foreign Exchange", "Interest Rates", "Equity-linked", "Commodity", "Credit Default Swaps", and "Unallocated" contracts. (back to text)

 

< Previous Page | Table of Contents | Next Page >