In 2016, a signifi cant number of reporting dealers
answered their annual hadn't changed from 2015-37.1 and 30.1 percent, respectively.
Past surveys showed that trades among the large traditional foreign-exchange dealers (reporting dealers
) and trades between this group and their nonfinancial customers dominated the market.
CDS are typically bought and sold by reporting dealers
, banks, insurance companies and other governments.
The largest category is reporting dealers, reflecting the interdealer nature of the market.
Banks and security firms that are not reporting dealers make up one-fifth of the total.
Table 1 BIS Semiannual Derivatives Statistics, December 2006 (Notional Amounts, $Billions) Dealer bought Total protection Dealer sold (adjusted from protection to for double Type of counterparty counterparty counterparty counting) Reporting dealers 16,044 16,165 16,104 Nonreporting banks and security firms 2,928 2,758 5,686 Other financial institutions 2,826 2,824 5,650 Nonfinancial institutions 561 530 1,091 Insurance and financial guaranty firms 211 95 306 Total 22,571 22,372 28,838 Source: BIS (2007, table 4) Table 2 Recent Hedging Transactions by Large Banks Cash or Date Bank Name of deal synthetic?
He appealed for communities to help tackle the problems by reporting dealers
to the police.
These data, broken down by counterparty type and desegregated by contracts with positive and negative values (from the perspective of reporting dealers), provided a unique view of the derivatives markets' intermediation of price risks.
The total market value in the survey is the value of all contracts that had positive market values for the reporting dealers plus the absolute value of reporting dealers, contracts with nonreporters that had negative market values for the dealers (see table).
MARKET VALUES OF CONTRACTS HELD BY REPORTING DEALERS BY COUNTERPARTY TYPE Gross Positive Gross Negative Market Value Market Value Reporting dealers a a Others/customers b c
A key component of the government securities market is the group of so-called primary reporting dealers
. These dealers are the firms with which the Federal Reserve's trading desk conducts its open market operations.