Your English writing platform
Discover LudwigExact(9)
Notional amounts are useful as a measure of market size.
The notional amounts of over-the-counter derivatives continued to expand in the first half of 2008, according to data from the Bank for International Settlements BISS).
That is a small fraction of the $20 trillion in notional amounts outstanding, and the whole lot would never blow up at once.
The market has almost doubled in size every year for the past five years, reaching $20 trillion in notional amounts outstanding last June, according to the Bank for International Settlements.
That, with a few steps in between and a lot of fancy math, is how those trillions of "notional" amounts shrink to a much smaller "net" figure, in the billions.
Their biggest target is the mountain of over-the-counter (OTC) derivatives products, whose notional amounts outstanding, reckoned at around $700 trillion in June 2011, easily dwarf the $83 trillion of derivatives on exchanges.Some OTC derivatives are already centrally cleared: LCH.Clearnet's SwapClear service has $290 trillion of interest-swaps on its books.
Similar(47)
The entire amount of insurance that has been written, also called the notional amount, is $62 trillion.
The government charges departments a notional amount each year to cover the increase in future liabilities.
These credit derivatives have exploded in recent years, to an outstanding notional amount of $43 trillion.
Fannie Mae and Freddie Mac, in contrast, publish the notional amount of their derivative positions and disclose more information about their various counterparties.
As a result, the company no longer discloses the notional amount of its derivative position, which was $1.1 billion in 2000.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com