BIS: Historic high for derivatives: 707.5 trillion dollars

F.A. (Translated by Cosmin Ghidoveanu)
Ziarul BURSA #English Section / 28 noiembrie 2011

The nominal value of derivatives reached a historic high of 707.5 trillion dollars, at the end of the first half of the year, according to data sent by financial institutions to the Bank of International Settlements, according to website zerohedge.com.

In other words, in the first six months of this year, the total value of derivatives exceeded the previous high of 673 trillion dollars, recorded in June 2008, the quoted website notes.

The website also mentions that, compared to December 2010, the nominal value of derivatives climbed 107 trillion dollars, the largest increase in history.

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