"Equity linked derivatives by instrument, counterparty and marketš",,,,,,,,,,,,,,,,,,,,, Gross market values from end-June 1998,,,,,,,,,,,,,,,,,,,,, In millions of US dollars,,,,,,,,,,,,,,,,,,,,, ,,,'Period (OTC)',,,,,,,,,,,,,,,,,, 'Currency (OTC)','Instrument (OTC)',Counter_Party, 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 Total, All instruments, All counterparties (net),"190,256","235,635","244,371","359,264","292,853","289,290","199,377","205,131","242,863","255,420","259,973","273,939","294,169","498,326","382,154","581,923","670,821","852,784","1,115,654" Total, Forwards and swaps, All counterparties (net),"20,380","43,616","51,651","71,136","61,771","60,562","48,930","57,685","61,852","61,075","66,944","57,035","62,858","76,072","87,984","111,782","147,437","166,380","240,103" Total, Forwards and swaps, Reporting dealers (net),"2,690","3,122","2,896","6,575","7,809","6,569","7,703","11,581","18,370","13,626","14,447","13,286","12,466","16,537","19,627","20,144","29,507","29,197","46,474" Total, Forwards and swaps, Other financial institutions,"9,642","21,502","19,812","42,356","36,375","30,948","25,871","16,948","24,534","22,598","26,333","24,333","31,027","38,655","45,759","63,513","83,114","104,307","146,073" Total, Forwards and swaps, Non-financial institutions,"8,045","18,991","28,941","22,206","17,590","23,044","15,354","29,156","18,947","24,851","26,163","19,416","19,358","20,878","22,596","28,125","34,818","32,876","47,557" Total, Total options, All counterparties (net),"169,874","191,924","192,722","288,126","231,082","228,729","150,448","147,444","181,012","194,342","193,036","216,903","231,310","422,255","294,169","470,141","523,387","686,403","875,556" Total, Options sold, All counterparties (gross),"122,121","130,084","133,441","189,815","165,696","159,521","114,765","105,201","125,835","132,096","139,101","145,031","158,856","214,495","212,789","338,113","389,461","492,894","652,099" Total, Options sold, Reporting dealers (gross),"49,969","64,778","64,570","87,247","86,713","67,194","56,791","53,615","63,058","72,331","79,495","74,598","77,161","85,071","105,227","164,964","209,032","247,596","345,021" Total, Options sold, Other financial institutions,"43,426","44,777","40,971","60,792","49,446","36,615","36,374","28,189","32,245","35,178","36,832","47,436","60,202","108,724","77,106","146,855","147,239","203,963","239,507" Total, Options sold, Non-financial institutions,"28,727","20,530","27,899","41,773","29,535","55,713","21,600","23,397","30,532","24,586","22,773","22,997","21,493","20,702","30,458","26,293","33,192","41,335","67,570" Total, Options bought, All counterparties (gross),"97,722","126,618","123,851","185,558","152,099","136,402","92,474","95,858","118,235","134,577","133,430","146,470","149,615","292,831","186,607","296,992","342,958","441,105","568,478" Total, Options bought, Reporting dealers (gross),"49,337","67,112","64,343","88,495","81,359","63,673","49,168","50,672","64,781","76,760","73,051","70,464","74,115","82,147","95,463","157,301","203,927","261,133","358,991" Total, Options bought, Other financial institutions,"36,166","39,668","38,893","64,787","40,446","24,672","25,438","19,569","26,464","32,816","34,150","43,456","49,271","183,647","64,269","112,779","110,773","143,273","163,816" Total, Options bought, Non-financial institutions,"12,219","19,838","20,616","32,274","30,292","48,058","17,868","25,619","26,991","25,002","26,228","32,549","26,228","27,035","26,877","26,911","28,259","36,698","45,670" US Equities, All instruments, All counterparties (net),"50,083","51,981","82,152","107,219","71,021","65,161","56,193","66,081","63,327","66,750","76,325","90,275","93,404","207,260","100,108","134,003","165,760","199,680","243,448" US Equities, Forwards and swaps, All counterparties (net),"7,585","19,753","34,644","36,110","20,964","23,715","18,394","23,937","21,723","19,644","22,450","19,289","22,561","23,967","25,728","37,496","42,240","53,188","75,540" US Equities, Forwards and swaps, Reporting dealers (net),349,507,743,"1,314","1,731","1,467","1,458","2,498","3,288","2,149","2,855","3,018","3,315","3,606","4,444","2,869","5,143","5,661","9,272" US Equities, Forwards and swaps, Other financial institutions,"3,293","4,193","8,796","17,211","9,849","11,347","7,791","4,126","6,726","5,149","7,577","7,489","10,060","10,099","13,893","21,480","25,494","36,184","49,675" US Equities, Forwards and swaps, Non-financial institutions,"3,941","15,053","25,106","17,586","9,385","10,904","9,147","17,313","11,707","12,347","12,019","8,781","9,186","10,261","7,393","13,146","11,602","11,341","16,593" US Equities, Total options, All counterparties (net),"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","167,910" US Equities, Options sold, All counterparties (gross),"28,695","19,089","29,702","36,614","25,584","26,107","23,505","27,681","31,165","30,661","30,506","37,552","37,063","50,960","44,339","58,871","84,214","85,270","113,954" US Equities, Options sold, Reporting dealers (gross),"4,876","8,087","13,056","10,393","8,367","8,601","8,197","11,477","10,480","11,713","11,876","10,049","11,496","16,132","17,193","22,177","36,934","24,401","46,230" US Equities, Options sold, Other financial institutions,"6,393","3,997","6,467","8,474","5,833","5,667","5,085","4,160","5,774","5,546","6,764","15,108","15,835","26,055","13,233","24,702","30,796","41,132","38,151" US Equities, Options sold, Non-financial institutions,"17,427","7,004","10,178","17,747","11,385","11,839","10,223","12,043","14,911","13,402","11,866","12,397","9,731","8,775","13,913","11,992","16,482","19,738","29,572" US Equities, Options bought, All counterparties (gross),"18,676","21,227","30,862","44,888","32,840","23,939","22,489","25,939","20,920","28,157","35,245","43,480","45,275","148,463","47,236","59,812","76,241","85,624","100,186" US Equities, Options bought, Reporting dealers (gross),"5,593","5,942","11,730","10,414","8,300","7,401","8,178","8,619","8,305","10,765","14,527","8,942","13,644","14,034","15,425","22,974","33,469","37,249","41,232" US Equities, Options bought, Other financial institutions,"6,603","4,227","6,662","13,702","6,155","2,556","3,255","3,738","3,883","3,707","5,837","11,428","15,161","115,450","17,049","21,776","26,050","26,105","30,892" US Equities, Options bought, Non-financial institutions,"6,482","11,060","12,471","20,771","18,387","13,982","11,056","13,583","8,732","13,686","14,883","23,109","16,467","18,978","14,762","15,062","16,724","22,270","28,060" Japanese Equities, All instruments, All counterparties (net),"5,391","7,442","10,205","12,957","15,660","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" Japanese Equities, Forwards and swaps, All counterparties (net),"1,595",595,"1,777","1,886","5,902","3,130","3,159","1,471","1,030","1,320","1,386","1,486","1,579","1,566","1,521","2,389","2,324","3,307","3,821" Japanese Equities, Forwards and swaps, Reporting dealers (net),473,126,71,367,"1,355",218,474,586,429,574,591,591,321,384,271,456,529,891,811 Japanese Equities, Forwards and swaps, Other financial institutions,446,302,"1,289","1,296","1,792","1,530","1,520",835,551,727,570,687,944,962,"1,022","1,462","1,166","1,661","2,489" Japanese Equities, Forwards and swaps, Non-financial institutions,675,167,417,222,"2,754","1,383","1,165",50,50,18,226,205,314,221,228,471,629,756,521 Japanese Equities, Total options, All counterparties (net),"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","58,140" Japanese Equities, Options sold, All counterparties (gross),"3,086","4,200","4,779","8,315","9,417","4,731","4,133","4,078","5,296","4,662","4,840","8,388","10,059","10,132","19,072","42,309","39,782","46,303","48,563" Japanese Equities, Options sold, Reporting dealers (gross),"2,353","2,717","3,472","6,335","6,754","3,331","2,505","2,641","3,377","2,767","2,964","5,236","5,719","5,319","13,627","22,726","28,692","33,047","34,665" Japanese Equities, Options sold, Other financial institutions,510,"1,112","1,111","1,733","2,251",942,"1,111",957,"1,246","1,313","1,385","2,282","3,924","4,587","4,612","18,341","10,260","12,080","12,233" Japanese Equities, Options sold, Non-financial institutions,220,371,193,247,411,459,518,480,673,583,492,869,416,226,834,"1,242",830,"1,176","1,666" Japanese Equities, Options bought, All counterparties (gross),"3,064","5,344","7,120","9,092","7,095","5,013","3,437","3,387","5,058","4,241","4,511","6,215","8,619","7,854","14,482","39,853","39,503","42,663","44,242" Japanese Equities, Options bought, Reporting dealers (gross),"1,867","3,787","5,315","6,808","5,090","3,614","2,540","2,498","3,476","2,840","3,011","3,981","5,114","4,807","10,646","23,594","30,346","31,538","34,050" Japanese Equities, Options bought, Other financial institutions,799,"1,216","1,495","1,958","1,514","1,227",728,665,"1,284","1,244","1,232","1,805","3,076","2,831","3,520","15,678","8,393","9,885","9,100" Japanese Equities, Options bought, Non-financial institutions,398,340,312,326,491,171,170,226,299,157,268,429,429,216,317,580,766,"1,240","1,092" European Equities, All instruments, All counterparties (net),"116,297","164,221","141,232","213,619","189,649","198,022","122,885","123,219","158,659","168,691","161,963","156,720","163,760","224,429","229,501","323,012","382,889","480,140","621,386" European Equities, Forwards and swaps, All counterparties (net),"9,015","19,026","12,191","26,860","28,861","28,707","23,059","29,229","35,341","35,824","39,084","31,501","31,826","41,460","49,086","56,831","85,712","91,202","131,756" European Equities, Forwards and swaps, Reporting dealers (net),"1,388","2,341","1,667","4,085","4,559","4,688","5,225","8,089","13,928","10,513","10,730","9,254","8,346","12,062","13,581","15,967","22,558","20,615","33,965" European Equities, Forwards and swaps, Other financial institutions,"5,137","14,549","7,884","20,242","20,294","15,477","13,669","11,122","16,041","14,580","16,354","14,041","16,209","20,942","25,204","30,105","45,252","54,474","72,768" European Equities, Forwards and swaps, Non-financial institutions,"2,490","2,134","2,638","2,536","4,010","8,543","4,166","10,018","5,372","10,731","12,000","8,207","7,269","8,455","10,302","10,761","17,902","16,112","25,023" European Equities, Total options, All counterparties (net),"107,280","145,146","129,041","186,757","160,787","169,314","99,827","93,990","123,319","132,864","122,884","125,216","131,934","182,971","180,415","266,182","297,176","388,938","489,634" European Equities, Options sold, All counterparties (gross),"76,188","102,012","94,165","133,078","124,577","122,015","82,061","68,783","82,692","91,108","96,528","90,687","99,285","114,428","133,647","206,003","229,890","303,077","388,460" European Equities, Options sold, Reporting dealers (gross),"37,378","52,404","46,884","68,707","70,563","54,773","44,768","38,361","47,570","56,464","62,316","57,191","57,685","61,048","70,928","115,109","136,058","177,852","238,266" European Equities, Options sold, Other financial institutions,"30,020","37,379","31,674","46,427","38,291","27,789","28,097","21,812","22,813","26,083","25,494","25,036","31,616","43,926","50,921","80,377","81,597","111,482","128,375" European Equities, Options sold, Non-financial institutions,"8,793","12,229","15,609","17,944","15,723","39,453","9,196","8,609","12,308","8,561","8,718","8,461","9,982","9,452","11,798","10,515","12,234","13,742","21,817" European Equities, Options bought, All counterparties (gross),"68,470","95,538","81,760","122,386","106,773","102,072","62,534","63,568","88,197","98,220","88,672","91,720","90,334","129,591","117,696","175,288","203,344","263,713","339,440" European Equities, Options bought, Reporting dealers (gross),"40,228","56,016","46,413","69,969","66,340","52,171","37,735","38,850","52,022","61,188","53,490","55,613","53,544","59,782","65,906","106,246","130,528","174,604","231,676" European Equities, Options bought, Other financial institutions,"25,397","32,053","29,392","46,542","31,206","19,877","19,472","14,742","20,704","27,170","25,462","28,032","28,083","62,697","41,097","60,144","64,029","77,145","94,127" European Equities, Options bought, Non-financial institutions,"2,846","7,470","5,956","5,875","9,228","30,023","5,327","9,975","15,471","9,861","9,721","8,074","8,707","7,113","10,691","8,898","8,788","11,963","13,635" Latin American Equities, All instruments, All counterparties (net),"2,532","2,106","1,622","4,906","4,471","3,024","1,936","1,225","1,784","1,016",932,"1,972","3,326","31,822","4,271","8,504","9,498","9,071","14,565" Latin American Equities, Forwards and swaps, All counterparties (net),662,712,882,"2,523","1,976","1,537","1,041",381,928,523,417,"1,084","1,900","3,630","2,910","5,212","5,226","5,467","8,835" Latin American Equities, Forwards and swaps, Reporting dealers (net),91,1,76,126,24,33,7,11,56,12,0,10,5,33,10,0,46,24,73 Latin American Equities, Forwards and swaps, Other financial institutions,109,259,589,"1,623","1,184",490,784,45,130,154,215,330,"1,237","2,795","1,605","4,106","4,232","4,645","8,072" Latin American Equities, Forwards and swaps, Non-financial institutions,463,452,217,774,768,"1,014",251,324,741,357,201,744,655,801,"1,295","1,105",950,799,690 Latin American Equities, Total options, All counterparties (net),"1,870","1,394",740,"2,384","2,493","1,487",895,845,856,493,516,886,"1,425","28,192","1,362","3,292","4,272","3,603","5,729" Latin American Equities, Options sold, All counterparties (gross),"2,900",703,892,"1,305","1,331","1,001",451,636,532,442,434,787,"1,286","28,022","1,199","2,534","3,165","2,543","4,089" Latin American Equities, Options sold, Reporting dealers (gross),"1,459",24,376,89,57,4,10,62,12,12,17,1,10,26,22,53,14,53,87 Latin American Equities, Options sold, Other financial institutions,"1,171",588,181,116,114,54,181,264,222,167,162,405,"1,086","27,721",819,"2,451","2,876","2,277","3,724" Latin American Equities, Options sold, Non-financial institutions,271,91,335,"1,100","1,161",943,260,311,296,263,254,380,189,275,358,30,275,213,279 Latin American Equities, Options bought, All counterparties (gross),429,715,224,"1,168","1,219",490,454,271,336,63,99,100,149,196,185,811,"1,121","1,113","1,727" Latin American Equities, Options bought, Reporting dealers (gross),18,34,26,284,266,7,7,30,18,10,21,2,5,20,17,92,39,31,45 Latin American Equities, Options bought, Other financial institutions,148,540,133,175,204,53,181,45,6,10,21,16,122,144,151,678,854,940,"1,045" Latin American Equities, Options bought, Non-financial institutions,263,141,64,709,749,431,268,196,312,43,56,81,21,32,17,41,229,142,637 Other Asian Equities, All instruments, All counterparties (net),"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","8,570","24,688","28,300","63,521","127,054" Other Asian Equities, Forwards and swaps, All counterparties (net),199,558,175,535,226,101,376,148,278,90,127,353,"1,029",866,"1,362","2,555","4,042","5,339","8,197" Other Asian Equities, Forwards and swaps, Reporting dealers (net),84,9,2,24,28,5,199,31,152,11,43,111,65,66,108,147,291,447,"1,178" Other Asian Equities, Forwards and swaps, Other financial institutions,25,343,148,456,171,20,76,78,85,30,41,165,734,618,999,"1,494","2,150","3,240","4,275" Other Asian Equities, Forwards and swaps, Non-financial institutions,86,206,26,55,28,76,101,40,40,50,43,75,228,181,255,914,"1,602","1,650","2,744" Other Asian Equities, Total options, All counterparties (net),"1,588","2,002","2,052","3,652","2,392","1,505","1,096","1,034","2,114","2,013","1,470","3,820","5,022","5,826","7,208","22,132","24,258","58,182","118,857" Other Asian Equities, Options sold, All counterparties (gross),566,594,523,"1,352",898,419,"1,054",991,"2,148","1,312","1,383","2,713","4,054","4,865","6,181","12,588","13,952","33,110","73,837" Other Asian Equities, Options sold, Reporting dealers (gross),336,299,174,208,357,87,407,242,903,653,469,549,645,959,"1,483","2,605","4,021","7,652","19,521" Other Asian Equities, Options sold, Other financial institutions,106,110,84,993,302,137,74,171,90,96,153,"1,676","2,492","2,352","2,621","8,075","7,846","20,877","42,643" Other Asian Equities, Options sold, Non-financial institutions,123,186,265,150,238,195,573,577,"1,155",564,760,487,916,"1,554","2,076","1,908","2,084","4,583","11,672" Other Asian Equities, Options bought, All counterparties (gross),"1,358","1,707","1,703","2,508","1,851","1,173",449,285,869,"1,354",556,"1,656","1,613","1,920","2,510","12,149","14,327","32,724","64,541" Other Asian Equities, Options bought, Reporting dealers (gross),391,413,351,328,336,70,171,126,228,"1,169",274,383,613,927,"1,348","1,914","6,309","13,917","45,061" Other Asian Equities, Options bought, Other financial institutions,518,784,510,"1,228",626,81,60,65,96,111,115,"1,000",676,744,880,"9,714","7,584","18,337","18,831" Other Asian Equities, Options bought, Non-financial institutions,451,509,842,952,888,"1,022",217,94,545,74,167,271,323,247,282,523,434,471,648 Other Equities, All instruments, All counterparties (net),"14,168","7,299","6,937","16,375","9,440","11,932","8,666","7,131","8,695","9,401","11,379","9,946","13,089","13,884","18,249","29,890","31,467","41,146","47,237" Other Equities, Forwards and swaps, All counterparties (net),"1,326","2,976","1,982","3,223","3,844","3,369","2,900","2,521","2,555","3,670","3,477","3,316","3,961","4,581","7,375","7,300","7,893","7,879","11,953" Other Equities, Forwards and swaps, Reporting dealers (net),304,138,338,659,113,160,341,365,516,366,227,300,413,386,"1,212",707,940,"1,562","1,173" Other Equities, Forwards and swaps, Other financial institutions,632,"1,859","1,108","1,530","3,087","2,086","2,034",744,"1,002","1,959","1,576","1,617","1,846","3,238","3,037","4,864","4,822","4,102","8,794" Other Equities, Forwards and swaps, Non-financial institutions,389,980,535,"1,034",644,"1,125",526,"1,411","1,036","1,346","1,674","1,399","1,703",958,"3,123","1,727","2,133","2,215","1,987" Other Equities, Total options, All counterparties (net),"12,840","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" Other Equities, Options sold, All counterparties (gross),"10,686","3,490","3,380","9,150","3,887","5,246","3,561","3,030","4,004","3,913","5,411","4,900","7,104","6,088","8,349","15,806","18,460","22,589","23,194" Other Equities, Options sold, Reporting dealers (gross),"3,567","1,247",607,"1,513",612,399,905,830,717,724,"1,854","1,569","1,601","1,587","1,975","2,292","3,310","4,591","6,251" Other Equities, Options sold, Other financial institutions,"5,226","1,594","1,454","3,050","2,656","2,025","1,825",824,"2,098","1,974","2,872","2,927","5,245","4,081","4,899","12,907","13,864","16,115","14,379" Other Equities, Options sold, Non-financial institutions,"1,892",648,"1,318","4,585",619,"2,823",830,"1,377","1,189","1,216",684,403,258,419,"1,476",606,"1,286","1,883","2,563" Other Equities, Options bought, All counterparties (gross),"5,721","2,085","2,182","5,516","2,319","3,715","3,111","2,409","2,854","2,542","4,344","3,297","3,624","4,804","4,500","9,079","8,424","15,271","18,339" Other Equities, Options bought, Reporting dealers (gross),"1,241",917,508,691,"1,029",408,539,549,732,788,"1,729","1,539","1,193","2,576","2,120","2,479","3,240","3,793","6,922" Other Equities, Options bought, Other financial institutions,"2,701",849,702,"1,182",743,878,"1,744",314,491,573,"1,482","1,173","2,152","1,778","1,574","4,791","3,863","10,865","9,822" Other Equities, Options bought, Non-financial institutions,"1,780",319,973,"3,642",550,"2,427",829,"1,546","1,631","1,181","1,132",585,277,450,807,"1,808","1,321",612,"1,595"