In 2016, a signifi cant number of reporting dealers
answered their annual hadn't changed from 2015-37.
The figures show the average daily turnover, expressed in millions of US dollars, after adjustment to avoid double-counting for the fact that transactions between reporting dealers
in Spain have been reported Dy both parties to the transaction.
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.
He appealed for communities to help tackle the problems by reporting dealers
to the police.
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).
A key component of the government securities market is the group of so-called primary reporting dealers
Gross Market Value represents an estimate of the total positive market value of contracts held by reporting dealers
plus the absolute value of contracts with negative market value with non-reporting counterparties.
The results of this survey, together with the list of reporting dealers
and explanatory notes, are available online at www.
Among firms responding to both the Year-End and Mid-Year Surveys for interest rate and currency derivatives, outstandings grew 16%; and among the top ten reporting dealers
, outstandings grew nearly 18%.
His 32 years of investment banking experience includes serving as Managing Director and Board Member of both Sanwa International Bank and Kidder, Peabody International Limited, Executive Director and Board Member of Citicorp Investment Bank, and Chairman of the Council of Reporting Dealers
, a self-regulatory association of the 113 market makers in international securities.
Ellen is a board member of the International Securities Market Association (ISMA) and chairman of its Committee of Reporting Dealers