Gross market values of over-the-counter derivatives soared by more than a third in 2020 to their highest level since 2016.
Data from the Bank for International Settlements (BIS) shows the fair values of outstanding contracts hit $15.8 trillion at the end of last year, up $4.2 trillion (36%) over the past 12 months. Notional amounts rose 4% to $582 trillion over the same period.
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