The market for over-the-counter (OTC) derivatives contracts has rebounded, led by increasing volumes of interest rate and foreign exchange derivatives, in a sign of more investors positioning themselves in an increasingly uncertain outlook for global economies.
The Bank for International Settlements, the central bankers’ bank, reported that, for the six months ending in June 2009, the total notional amount of OTC derivatives contracts outstanding rose 10 per cent to $604,622bn from $547,371bn in the previous six-month period.
