Figure 20. Notional amounts of credit derivatives for which banks were beneficiaries or guarantors, 2000-08.
Data are plotted as curves. The amount for which banks were beneficiaries begins in 2000 at about $0.2 trillion and rises gradually through the end of 2003 to reach about $0.5 trillion. It then increases rapidly over the next three years to reach about $4.5 trillion in 2006, with a dip of about $0.5 trillion in 2005; it reaches $8 trillion by the end of 2007. The series then peaks at $8.4 trillion in the first quarter of 2008 before falling to about $8.1 trillion by the end of 2008. The amount for which banks were guarantors begins in 2000 at about $0.15 trillion and rises gradually through the end of 2003 to reach about $0.5 trillion. It then increases rapidly to reach about $4.5 trillion in 2006 and nearly $8 trillion by the end of 2007. The data peaks in the first quarter of 2008 at slightly more than $8 trillion before falling to about $7.8 trillion by year-end 2008.
NOTE: The data are quarterly.
