The Depository Trust and Clearing Corporation made some information public today about Credit Default Swaps. There are $33 trillion in CDS still outstanding, even after the Lehman CDS were settled. Approximately 1.5 trillion of that is CDS concerning "Sovereign / State Bodies", in other words, countries. Some of the countries against which CDS bets are being made, and the amounts of CDS bets, include: Reference Entity Gross Notional Value $54,898,977,416 50,229,525,972 4,667,167,370 37,704,802,794 FEDERATIVE 147,282,298,727 21,294,685,660 34,412,341,491 PEOPLE'S REPUBLIC OF 18,734,303,665 12,370,019,800 4,158,419,764 2,152,552,000 61,362,202,916 5,238,151,800 16,449,099,545 KINGDOM OF THE 4,473,401,700 15,107,279,147 15,755,279,062 2,876,548,199 30,514,869,250 4,119,321,657 5,800,607,000 2,177,002,324 3,696,135,200 32,763,644,099 8,808,204,575 30,459,955,229 148,617,213,985 23,182,954,247 49,254,188,100 6,281,734,552 3,216,066,342 6,554,952,966 19,660,717,899 16,450,839,456 24,272,147,229 31,489,780,165 REPUBLIC OF THE 66,218,347,379 188,628,684,750 110,068,180,097 5,346,498,565 5,967,756,774 UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND 12,130,975,680 UNITED MEXICAN STATES 74,941,756,398 4,759,492,270GEORGE WASHINGTON'S BLOG
TUESDAY, NOVEMBER 4, 2008
Over 1 Trillion Dollars Worth of Credit Default Swaps Against Governments
Thursday, 6 November 2008
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