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Products such as swaps, forward rate agreements, unique choices and other unique derivatives are nearly always sold this way. The OTC derivative market is the biggest market for derivatives, and is mainly uncontrolled with regard to disclosure of details in between the celebrations, given that the OTC market is made up of banks and other extremely sophisticated parties, such as hedge funds.
According to the Bank for International Settlements, who first surveyed OTC derivatives in 1995, reported that the "gross market value, which represent the expense of changing all open contracts at the prevailing market costs, ... increased by 74% since 2004, to $11 trillion at the end of June 2007 (BIS 2007:24)." Positions in the OTC derivatives market increased to $516 trillion at the end of June 2007, 135% higher than the level taped in 2004. https://israeloikr999.skyrock.com/3345756892-The-5-Minute-Rule-for-Why-Are-You-Interested-In-Finance.html |
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