BIS Quarterly Review: 'December 2008,,,,,,,,,,,,,,,,,,,,,,, Table 22B: Amounts outstanding of OTC equity-linked derivatives,,,,,,,,,,,,,,,,,,,,,,, By instrument and market ,,,,,,,,,,,,,,,,,,,,,,, In billions of US dollars,,,,,,,,,,,,,,,,,,,,,,, Notional amounts outstanding,,,,,,,,,,,,,,,,,,,,,,, ,,Jun.98,Dec.98,Jun.99,Dec.99,Jun.00,Dec.00,Jun.01,Dec.01,Jun.02,Dec.02,Jun.03,Dec.03,Jun.04,Dec.04,Jun.05,Dec.05,Jun.06,Dec.06,Jun.07,Dec.07,Jun.08,Dec.08 Total contracts,H:N:A:D:A:A:A:5A,1273.858,1488.086,1510.793,1809.428,1645.421,1890.537,1884.307,1880.968,2213.524,2308.679,2798.874,3787.131,4520.855,4384.969,4550.632,5793.211,6781.827,7487.958,8589.645,8469.223,10177.194,- US Equities,H:N:A:D:A:A:A:7A,386.884,313.479,378.072,516.276,381.391,456.709,347.431,375.784,412.479,430.859,557.751,855.664,867.274,1052.503,1010.303,1378.738,1667.772,1597.128,1907.193,1766.212,2063.733,- European Equities,H:N:A:D:A:A:A:7C,693.358,1004.902,930.435,1040.324,1019.786,1238.32,1363.404,1353.08,1605.537,1666.911,1955.322,2381.813,2768.071,2746.424,2840.823,2818.881,3448.654,4077.494,5058.56,5003.379,6134.047,- Japanese Equities,H:N:A:D:A:A:A:7B,77.787,93.265,131.947,124.279,138.707,99.764,80.234,56.057,85.425,79.905,103.24,209.427,446.957,195.471,302.631,716.601,843.52,827.767,787.933,543.346,628.024,- Other Asian Equities,H:N:A:D:A:A:A:7E,13.49,12.882,11.003,15.042,13.592,9.491,7.938,10.559,14.915,27.518,32.29,190.783,246.106,123.671,101.324,473.112,444.132,532.067,267.489,553.219,513.712,- Latin American Equities,H:N:A:D:A:A:A:7D,25.788,21.358,4.68,21.854,19.854,18.032,17.542,14.606,16.201,16.363,17.185,28.602,55.051,88.197,61.671,186.324,109.988,156.711,228.131,212.043,281.674,- Other Equities,H:N:A:D:A:A:A:7F,76.543,42.19,54.653,91.66,72.09,68.222,67.755,70.877,78.966,87.119,133.086,120.853,137.406,178.716,233.884,219.57,267.776,296.809,340.354,391.033,556.013,- Forwards and swaps,H:N:A:D:C:A:A:5A,153.916,146.172,198.044,282.765,339.867,335.4,328.766,319.949,385.55,364.324,487.602,601.051,691.365,755.749,1086.144,1176.531,1430.464,1767.482,2470.245,2233.005,2656.724,- US Equities,H:N:A:D:C:A:A:7A,52.115,55.531,67.287,102.785,111.817,126.114,105.618,111.251,130.136,118.483,141.272,182.064,200.217,234.165,348.814,427.141,466.969,623.095,794.959,719.496,763.729,- European Equities,H:N:A:D:C:A:A:7C,63.338,59.38,81.083,106.097,149.13,146.942,176.969,163.089,211.082,202.551,281.962,314.633,382.899,420.231,557.983,551.939,737.439,880.732,1289.173,1104.163,1384.34,- Japanese Equities,H:N:A:D:C:A:A:7B,19.786,21.877,25.372,27.861,30.293,21.112,7.481,7.853,9.85,7.744,7.458,27.58,20.91,10.332,21.09,27.966,25.257,27.549,34.522,42.613,70.056,- Other Asian Equities,H:N:A:D:C:A:A:7E,0.594,0.779,1.228,3.281,2.07,0.489,1.024,1.492,2.42,1.218,2.64,5.967,8.165,11.13,17.636,23.762,35.653,33.628,71.597,74.203,61.606,- Latin American Equities,H:N:A:D:C:A:A:7D,3.946,0.944,1.057,8.546,8.833,6.075,7.557,2.104,2.031,1.597,4.325,12.858,30.657,21.179,36.35,51.603,60.821,98.783,146.773,126.151,135.193,- Other Equities,H:N:A:D:C:A:A:7F,14.138,7.661,22.015,34.191,37.724,34.662,30.115,34.162,30.031,32.732,49.951,57.955,48.528,58.723,104.282,94.127,104.336,103.701,133.232,166.394,241.806,- Options,H:N:A:D:H:A:A:5A,1119.943,1341.919,1312.75,1526.661,1305.551,1555.14,1555.541,1561.017,1827.976,1944.353,2311.273,3186.082,3829.496,3629.225,3464.496,4616.685,5351.366,5720.482,6119.405,6236.222,7520.48,- US Equities,H:N:A:D:H:A:A:7A,334.774,257.947,310.785,413.494,269.574,330.594,241.816,264.532,282.343,312.374,416.482,673.602,667.061,818.342,661.491,951.6,1200.809,974.039,1112.24,1046.718,1300.011,- European Equities,H:N:A:D:H:A:A:7C,630.024,945.519,849.351,934.224,870.654,1091.38,1186.432,1189.992,1394.456,1464.358,1673.362,2067.185,2385.18,2326.2,2282.85,2266.949,2711.223,3196.766,3769.392,3899.222,4749.712,- Japanese Equities,H:N:A:D:H:A:A:7B,58.008,71.387,106.581,96.414,108.416,78.65,72.756,48.207,75.576,72.167,95.785,181.847,426.052,185.143,281.545,688.637,818.267,800.22,753.416,500.739,557.97,- Other Asian Equities,H:N:A:D:H:A:A:7E,12.9,12.109,9.779,11.758,11.518,9.002,6.914,9.068,12.494,26.303,29.653,184.819,237.943,112.546,83.693,449.354,408.481,498.446,195.897,479.022,452.11,- Latin American Equities,H:N:A:D:H:A:A:7D,21.842,20.413,3.621,13.307,11.019,11.957,9.985,12.503,14.169,14.766,12.86,15.744,24.393,67.018,25.321,134.721,49.167,57.929,81.36,85.893,146.483,- Other Equities,H:N:A:D:H:A:A:7F,62.408,34.527,32.637,57.467,34.37,33.56,37.645,36.716,48.933,54.389,83.137,62.9,88.882,119.993,129.605,125.448,163.442,193.109,207.122,224.646,314.212,- Gross market values,,,,,,,,,,,,,,,,,,,,,,, ,,Jun.98,Dec.98,Jun.99,Dec.99,Jun.00,Dec.00,Jun.01,Dec.01,Jun.02,Dec.02,Jun.03,Dec.03,Jun.04,Dec.04,Jun.05,Dec.05,Jun.06,Dec.06,Jun.07,Dec.07,Jun.08,Dec.08 Total contracts,H:N:D:D:A:A:A:5A,190.256,235.635,244.371,359.264,292.853,289.29,199.377,205.131,242.863,255.42,259.973,273.939,294.169,498.326,382.154,581.923,670.821,852.784,1115.654,1141.901,1145.567,- US Equities,H:N:D:D:A:A:A:7A,50.083,51.981,82.152,107.219,71.021,65.161,56.193,66.081,63.327,66.75,76.325,90.275,93.404,207.26,100.108,134.003,165.76,199.68,243.448,232.261,249.438,- European Equities,H:N:D:D:A:A:A:7C,116.297,164.221,141.232,213.619,189.649,198.022,122.885,123.219,158.659,168.691,161.963,156.72,163.76,224.429,229.501,323.012,382.889,480.14,621.386,607.33,593.51,- Japanese Equities,H:N:D:D:A:A:A:7B,5.391,7.442,10.205,12.957,15.66,9.543,8.225,6.296,8.007,7.456,7.774,10.853,14.541,14.233,21.448,61.825,52.916,59.226,61.961,49.985,60.464,- Other Asian Equities,H:N:D:D:A:A:A:7E,1.787,2.586,2.227,4.186,2.616,1.609,1.472,1.183,2.393,2.104,1.597,4.174,6.053,6.692,8.57,24.688,28.3,63.521,127.054,180.131,170.833,- Latin American Equities,H:N:D:D:A:A:A:7D,2.532,2.106,1.622,4.906,4.471,3.024,1.936,1.225,1.784,1.016,0.932,1.972,3.326,31.822,4.271,8.504,9.498,9.071,14.565,18.192,19.864,- Other Equities,H:N:D:D:A:A:A:7F,14.168,7.299,6.937,16.375,9.44,11.932,8.666,7.131,8.695,9.401,11.379,9.946,13.089,13.884,18.249,29.89,31.467,41.146,47.237,53.997,51.455,- Forwards and swaps,H:N:D:D:C:A:A:5A,20.38,43.616,51.651,71.136,61.771,60.562,48.93,57.685,61.852,61.075,66.944,57.035,62.858,76.072,87.984,111.782,147.437,166.38,240.103,238.729,282.939,- US Equities,H:N:D:D:C:A:A:7A,7.585,19.753,34.644,36.11,20.964,23.715,18.394,23.937,21.723,19.644,22.45,19.289,22.561,23.967,25.728,37.496,42.24,53.188,75.54,73.072,85.882,- European Equities,H:N:D:D:C:A:A:7C,9.015,19.026,12.191,26.86,28.861,28.707,23.059,29.229,35.341,35.824,39.084,31.501,31.826,41.46,49.086,56.831,85.712,91.202,131.756,119.73,144.593,- Japanese Equities,H:N:D:D:C:A:A:7B,1.595,0.595,1.777,1.886,5.902,3.13,3.159,1.471,1.03,1.32,1.386,1.486,1.579,1.566,1.521,2.389,2.324,3.307,3.821,6.567,9.08,- Other Asian Equities,H:N:D:D:C:A:A:7E,0.199,0.558,0.175,0.535,0.226,0.101,0.376,0.148,0.278,0.09,0.127,0.353,1.029,0.866,1.362,2.555,4.042,5.339,8.197,13.08,13.926,- Latin American Equities,H:N:D:D:C:A:A:7D,0.662,0.712,0.882,2.523,1.976,1.537,1.041,0.381,0.928,0.523,0.417,1.084,1.9,3.63,2.91,5.212,5.226,5.467,8.835,10.919,11.583,- Other Equities,H:N:D:D:C:A:A:7F,1.326,2.976,1.982,3.223,3.844,3.369,2.9,2.521,2.555,3.67,3.477,3.316,3.961,4.581,7.375,7.3,7.893,7.879,11.953,15.36,17.869,- Options,H:N:D:D:H:A:A:5A,169.874,191.924,192.722,288.126,231.082,228.729,150.448,147.444,181.012,194.342,193.036,216.903,231.31,422.255,294.169,470.141,523.387,686.403,875.556,903.171,862.629,- US Equities,H:N:D:D:H:A:A:7A,42.495,32.229,47.508,71.109,50.057,41.445,37.797,42.143,41.605,47.105,53.875,70.983,70.842,183.291,74.382,96.506,123.521,146.493,167.91,159.189,163.557,- European Equities,H:N:D:D:H:A:A:7C,107.28,145.146,129.041,186.757,160.787,169.314,99.827,93.99,123.319,132.864,122.884,125.216,131.934,182.971,180.415,266.182,297.176,388.938,489.634,487.6,448.916,- Japanese Equities,H:N:D:D:H:A:A:7B,3.797,6.827,8.427,11.072,9.758,6.413,5.065,4.824,6.977,6.136,6.387,9.367,12.959,12.667,19.927,59.436,50.593,55.919,58.14,43.418,51.384,- Other Asian Equities,H:N:D:D:H:A:A:7E,1.588,2.002,2.052,3.652,2.392,1.505,1.096,1.034,2.114,2.013,1.47,3.82,5.022,5.826,7.208,22.132,24.258,58.182,118.857,167.053,156.905,- Latin American Equities,H:N:D:D:H:A:A:7D,1.87,1.394,0.74,2.384,2.493,1.487,0.895,0.845,0.856,0.493,0.516,0.886,1.425,28.192,1.362,3.292,4.272,3.603,5.729,7.273,8.281,- Other Equities,H:N:D:D:H:A:A:7F,12.84,4.328,4.955,13.153,5.594,8.562,5.767,4.609,6.141,5.731,7.901,6.628,9.127,9.305,10.874,22.593,23.574,33.269,35.282,38.638,33.586,- BIS Quarterly Review: 'December 2008,,,,,,,,,,,,,,,,,,,,,,, Table 22C: Amounts outstanding of OTC equity-linked derivatives,,,,,,,,,,,,,,,,,,,,,,, "By instrument, maturity and counterparty",,,,,,,,,,,,,,,,,,,,,,, All counterparties,,,,,,,,,,,,,,,,,,,,,,, ,,Jun.98,Dec.98,Jun.99,Dec.99,Jun.00,Dec.00,Jun.01,Dec.01,Jun.02,Dec.02,Jun.03,Dec.03,Jun.04,Dec.04,Jun.05,Dec.05,Jun.06,Dec.06,Jun.07,Dec.07,Jun.08,Dec.08 Total contracts,H:N:A:D:A:A:A:5A,1273.858,1488.086,1510.793,1809.428,1645.421,1890.537,1884.307,1880.968,2213.524,2308.679,2798.874,3787.131,4520.855,4384.969,4550.632,5793.211,6781.827,7487.958,8589.645,8469.223,10177.194,- Maturity of one year or less,H:N:A:D:A:A:A:8A,769.779,825.262,791.281,923.017,794.799,829.551,619.358,704.93,946.219,920.963,1135.408,2048.008,2137.603,1978.86,2008.899,2853.389,3071.03,3757.883,4092.632,4671.976,5332.412,- Maturity between 1 and 5 yrs,H:N:A:D:A:A:A:8B,410.782,517.16,565.553,734.923,663.43,950.491,898.061,855.672,908.382,1189.279,1344.881,1525.317,2147.798,1939.11,2201.886,2573.207,3109.704,2910.092,3512.979,2905.173,3793.065,- Maturity over 5 years,H:N:A:D:A:A:A:8C,94.044,145.626,153.911,151.49,187.184,110.495,366.886,320.363,358.923,198.436,318.588,213.81,235.459,467.007,339.859,366.626,601.108,819.995,984.038,892.076,1051.715,- Forwards and swaps,H:N:A:D:C:A:A:5A,153.916,146.172,198.044,282.765,339.867,335.4,328.766,319.949,385.55,364.324,487.602,601.051,691.365,755.749,1086.144,1176.531,1430.464,1767.482,2470.245,2233.005,2656.724,- Maturity of one year or less,H:N:A:D:C:A:A:8A,112.937,72.574,121.764,163.39,209.525,184.088,165.165,138.779,194.38,152.745,232.33,312.3,406.134,434.709,594.068,684.975,816.275,906.485,1382.921,1313.201,1401.45,- Maturity between 1 and 5 yrs,H:N:A:D:C:A:A:8B,30.032,45.296,48.782,83.583,94.091,112.777,124.702,127.487,137.001,160.458,195.83,231.387,236.808,256.242,425.217,359.365,443.005,531.443,711.477,656.737,931.266,- Maturity over 5 years,H:N:A:D:C:A:A:8C,11.628,28.273,27.506,35.79,36.248,38.527,38.896,53.691,54.173,51.115,59.443,57.369,48.422,64.799,66.865,132.203,171.195,329.549,375.881,263.071,324.007,- Options,H:N:A:D:H:A:A:5A,1119.943,1341.919,1312.75,1526.661,1305.551,1555.14,1555.541,1561.017,1827.976,1944.353,2311.273,3186.082,3829.496,3629.225,3464.496,4616.685,5351.366,5720.482,6119.405,6236.222,7520.48,- Maturity of one year or less,H:N:A:D:H:A:A:8A,656.841,752.688,669.516,759.628,585.274,645.465,454.186,566.154,751.843,768.219,903.084,1735.712,1731.472,1544.158,1414.836,2168.421,2254.761,2851.403,2709.718,3358.782,3930.968,- Maturity between 1 and 5 yrs,H:N:A:D:H:A:A:8B,380.752,471.869,516.769,651.34,569.337,837.709,773.364,728.187,771.378,1028.82,1149.051,1293.936,1910.998,1682.873,1776.68,2213.848,2666.707,2378.653,2801.514,2248.44,2861.809,- Maturity over 5 years,H:N:A:D:H:A:A:8C,82.414,117.351,126.405,115.701,150.934,71.962,327.993,266.675,304.751,147.317,259.142,156.445,187.041,402.212,272.998,234.433,429.919,490.45,608.158,629.012,727.713,- Reporting Dealers,,,,,,,,,,,,,,,,,,,,,,, ,,Jun.98,Dec.98,Jun.99,Dec.99,Jun.00,Dec.00,Jun.01,Dec.01,Jun.02,Dec.02,Jun.03,Dec.03,Jun.04,Dec.04,Jun.05,Dec.05,Jun.06,Dec.06,Jun.07,Dec.07,Jun.08,Dec.08 Total contracts,H:N:A:D:A:C:A:5A,291.564,412.846,454.23,522.363,528.343,608.634,617.443,643.76,787.758,739.052,877.224,1008.298,1079.125,1333.996,1454.073,1940.451,2593.469,2536.843,3117.815,3010.529,3478.724,- Maturity of one year or less,H:N:A:D:A:C:A:8A,166.601,201.991,214.533,260.159,222.585,266.818,233.14,278.218,388.156,316.849,390.272,483.906,510.329,603.669,562.405,764.308,1121.045,1295.863,1484.815,1693.345,1892.997,- Maturity between 1 and 5 yrs,H:N:A:D:A:C:A:8B,112.432,186.241,210.006,229.364,251.163,313.943,362,340.311,363.187,383.435,428.317,461.593,505.745,639.171,785.24,1077.982,1310.215,1054.245,1364.544,1081.865,1347.534,- Maturity over 5 years,H:N:A:D:A:C:A:8C,13.226,24.634,29.747,32.84,54.6,27.875,22.307,25.233,36.424,38.769,58.639,62.814,63.064,91.175,106.442,98.182,162.226,186.745,268.474,235.331,238.21,- Forwards and swaps,H:N:A:D:C:C:A:5A,33.709,26.63,36.739,34.506,59.429,45.304,80.635,55.352,86.644,62.896,115.945,128.6,161.219,206.701,231.643,249.312,350.322,440.916,657.671,637.294,599.31,- Maturity of one year or less,H:N:A:D:C:C:A:8A,27.947,14.206,25.481,18.522,38.86,28.248,39.435,24.785,47.515,28.006,58.891,60.903,96.879,116.29,124.628,128.856,181.08,230.987,394.3,371.655,376.735,- Maturity between 1 and 5 yrs,H:N:A:D:C:C:A:8B,5.011,4.125,6.484,9.582,14.427,11.893,35.264,22.076,32.053,27.821,43.615,51.265,51.77,71.127,89.677,97.51,133.276,147.616,198.693,194.442,174.829,- Maturity over 5 years,H:N:A:D:C:C:A:8C,1.396,8.323,4.769,6.398,6.147,5.164,5.94,8.49,7.079,7.067,13.442,16.436,12.571,19.286,17.341,22.951,35.97,62.314,64.691,71.205,47.749,- Options,H:N:A:D:H:C:A:5A,257.855,386.216,417.491,487.857,468.914,563.33,536.808,588.408,701.114,676.156,761.279,879.698,917.906,1127.295,1222.43,1691.139,2243.147,2095.927,2460.144,2373.235,2879.414,- Maturity of one year or less,H:N:A:D:H:C:A:8A,138.654,187.785,189.052,241.637,183.725,238.57,193.705,253.433,340.641,288.843,331.381,423.003,413.45,487.379,437.777,635.452,939.965,1064.876,1090.515,1321.69,1516.262,- Maturity between 1 and 5 yrs,H:N:A:D:H:C:A:8B,107.421,182.116,203.522,219.782,236.736,302.05,326.736,318.235,331.134,355.614,384.702,410.328,453.975,568.044,695.563,980.472,1176.939,906.629,1165.851,887.423,1172.705,- Maturity over 5 years,H:N:A:D:H:C:A:8C,11.83,16.311,24.978,26.442,48.453,22.711,16.367,16.743,29.345,31.702,45.197,46.378,50.493,71.889,89.101,75.231,126.256,124.431,203.783,164.126,190.461,-