PWHC expects 2002 credit derivatives up to US$1.6T

PricewaterhouseCoopers pointed out that the growth of the volume of credit derivatives is apparent during these recent 10 years and the global volume of credit derivatives as of the year 2000 reaches US$900 billion of notional value and is expected to reach US$1.6 trillion of notional value by 2002. The growth of credit derivatives is initially motivated by banks and now as well by companies from different sectors including brokerage firms, insurance companies, investment companies, investment funds and hedging funds.

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