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Yet the notional value of outstanding interest-rate swaps is $685 billion, or 37% of GDP.
For example, the notional value of the CDS market is $36 trillion, says the BIS.
Goldman's overall position with A.I.G., or the "notional" value of the contracts, was about $20 billion, he said.
In Britain, (see chart) the notional value of share-linked rewards accounted for only 12% of what bosses got.
According to the Bank for International Settlements, the notional value of all OTC derivatives contracts outstanding is almost $700 trillion.
By late 2007, the notional value of outstanding credit-default swaps was about sixty trillion dollars — more than four times the size of the U.S. gross domestic product.
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The footballers blinked when newspapers identified the notional value to sponsors of the hundreds of pictures of players wearing company logos that appeared in the sports pages each season.
The Bank for International Settlements put the total notional value of outstanding derivatives at $591 trillion at the end of 2008.
The Bank for International Settlements estimates that the gross notional value of outstanding derivatives in the world is between $450tn and $500tn£317tnto to £353tn) – many of them between clients in different jurisdictions after Brexit.
As of March 7, 2014, each Bitcoin costs about $650, so the total notional value of the 12.5 million Bitcoins in circulation comes to about $8 billion.
This might be observable in the gross notional value of the options sold in annual or semi-annual reports.
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