Credit Default Swaps Market,,,,,,,,, Notional amounts outstanding from end-December 2004,,,,,,,,, In millions of US dollars,,,,,,,,, ,,,,,,,,, ,,,,'Period (OTC)',,,,, 'Data Type (OTC)','Currency (OTC)','Instrument (OTC)',Counter_Party, Dec 04, Jun 05, Dec 05, Jun 06, Dec 06, Jun 07 Notional amounts outstanding bought, Total , All instruments, All counterparties (gross),"4,652,583","7,658,950","10,672,056","15,728,650","22,570,640","32,978,816" Notional amounts outstanding bought, Total , All instruments, Reporting dealers (gross),"2,740,471","4,856,611","6,987,931","10,669,920","16,230,166","23,285,488" Notional amounts outstanding bought, Total , All instruments, Other financial institutions,"1,635,708","2,545,336","3,325,433","4,656,774","5,779,033","9,231,797" Notional amounts outstanding bought, Total , All instruments, Banks and security firms,,,"1,838,584","2,555,167","2,744,993","4,854,748" Notional amounts outstanding bought, Total , All instruments, Insurance and financial guaranty firms,,,"176,429","228,585","211,212","243,638" Notional amounts outstanding bought, Total , All instruments, Other,,,"1,310,420","1,873,022","2,822,828","4,133,411" Notional amounts outstanding bought, Total , All instruments, Non-financial institutions,"276,404","257,004","358,690","401,954","561,438","461,534" Notional amounts outstanding bought, Maturity of one year or less, All instruments, All counterparties (gross),"358,974","571,371","829,845","1,326,477","1,966,369","2,338,445" Notional amounts outstanding bought, Maturity over 1 year and up to 5 years, All instruments, All counterparties (gross),"3,383,808","5,322,087","7,436,410","9,994,347","13,251,377","18,953,490" Notional amounts outstanding bought, Maturity over 5 years, All instruments, All counterparties (gross),"909,200","1,765,494","2,405,791","4,407,825","7,352,896","11,686,880" Notional amounts outstanding bought, Total , Single-name credit default swaps, All counterparties (gross),"3,732,236","5,520,564","7,881,808","10,646,238","13,726,566","18,542,936" Notional amounts outstanding bought, Total , Multi-name credit default swaps, All counterparties (gross),"3,113,396","2,138,386","2,790,248","5,082,412","8,844,074","14,435,880" Notional amounts outstanding sold, Total , All instruments, All counterparties (gross),"4,494,943","7,405,111","10,174,050","15,232,121","22,372,084","32,917,150" Notional amounts outstanding sold, Total , All instruments, Reporting dealers (gross),"2,763,094","4,848,755","6,887,711","10,547,142","16,354,748","23,345,600" Notional amounts outstanding sold, Total , All instruments, Other financial institutions,"1,485,025","2,340,173","3,009,452","4,360,374","5,487,830","9,151,527" Notional amounts outstanding sold, Total , All instruments, Banks and security firms,,,"1,702,685","2,469,618","2,577,185","4,737,297" Notional amounts outstanding sold, Total , All instruments, Insurance and financial guaranty firms,,,"58,591","68,164","94,884","87,821" Notional amounts outstanding sold, Total , All instruments, Other,,,"1,248,176","1,822,592","2,815,761","4,326,409" Notional amounts outstanding sold, Total , All instruments, Non-financial institutions,"246,826","216,185","276,885","324,607","529,504","420,020" Notional amounts outstanding sold, Maturity of one year or less, All instruments, All counterparties (gross),"306,016","401,973","455,384","1,167,745","1,875,970","2,244,259" Notional amounts outstanding sold, Maturity over 1 year and up to 5 years, All instruments, All counterparties (gross),"3,374,697","5,386,746","7,513,437","9,910,173","13,365,557","19,110,672" Notional amounts outstanding sold, Maturity over 5 years, All instruments, All counterparties (gross),"813,657","1,615,143","2,205,219","4,154,201","7,130,552","11,562,215" Notional amounts outstanding sold, Total , Single-name credit default swaps, All counterparties (gross),"3,698,316","5,427,756","7,737,334","10,447,877","13,632,522","18,020,326" Notional amounts outstanding sold, Total , Multi-name credit default swaps, All counterparties (gross),"796,627","1,977,355","2,436,716","4,784,244","8,739,562","14,896,824" Notional amounts outstanding total, Total , All instruments, All counterparties (net),"6,395,744","10,211,378","13,908,285","20,352,240","28,650,264","42,580,424" Notional amounts outstanding total, Total , All instruments, Reporting dealers (net),"2,751,783","4,852,683","6,937,821","10,608,531","16,292,457","23,315,544" Notional amounts outstanding total, Total , All instruments, Other financial institutions,"3,120,733","4,885,509","6,334,885","9,017,148","11,266,863","18,383,324" Notional amounts outstanding total, Total , All instruments, Banks and security firms,,,"3,541,269","5,024,785","5,322,178","9,592,045" Notional amounts outstanding total, Total , All instruments, Insurance and financial guaranty firms,,,"235,020","296,749","306,096","331,459" Notional amounts outstanding total, Total , All instruments, Other,,,"2,558,596","3,695,614","5,638,589","8,459,820" Notional amounts outstanding total, Total , All instruments, Non-financial institutions,"523,230","473,189","635,575","726,561","1,090,942","881,554" Notional amounts outstanding total, Maturity of one year or less, All instruments, All counterparties (net),"491,270","670,627","861,871","1,573,542","2,336,401","2,866,737" Notional amounts outstanding total, Maturity over 1 year and up to 5 years, All instruments, All counterparties (net),"4,659,521","7,139,210","9,821,292","13,019,081","16,876,504","24,353,126" Notional amounts outstanding total, Maturity over 5 years, All instruments, All counterparties (net),"1,243,778","2,400,398","3,225,106","5,759,336","9,437,359","15,360,558" Notional amounts outstanding total, Total , Single-name credit default swaps, All counterparties (net),"5,116,765","7,310,289","10,432,038","13,873,444","17,879,280","24,239,476" Notional amounts outstanding total, Total , Multi-name credit default swaps, All counterparties (net),"1,278,979","2,901,090","3,476,247","6,478,796","10,770,984","18,340,948"