Tuesday, November 4, 2008

Over 1 Trillion Dollars Worth of Credit Default Swaps Against Governments

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
ARGENTINE REPUBLIC $54,898,977,416
BOLIVARIAN REPUBLIC OF VENEZUELA 50,229,525,972
CZECH REPUBLIC 4,667,167,370
FEDERAL REPUBLIC OF GERMANY 37,704,802,794
FEDERATIVE REPUBLIC OF BRAZIL 147,282,298,727
FRENCH REPUBLIC 21,294,685,660
HELLENIC REPUBLIC 34,412,341,491
PEOPLE'S REPUBLIC OF CHINA 18,734,303,665
KINGDOM OF BELGIUM 12,370,019,800
KINGDOM OF DENMARK 4,158,419,764
KINGDOM OF NORWAY 2,152,552,000
KINGDOM OF SPAIN 61,362,202,916
KINGDOM OF SWEDEN 5,238,151,800
KINGDOM OF THAILAND 16,449,099,545
KINGDOM OF THE NETHERLANDS 4,473,401,700
REPUBLIC OF AUSTRIA 15,107,279,147
REPUBLIC OF BULGARIA 15,755,279,062
REPUBLIC OF CHILE 2,876,548,199
REPUBLIC OF COLOMBIA 30,514,869,250
REPUBLIC OF CROATIA 4,119,321,657
REPUBLIC OF ECUADOR 5,800,607,000
REPUBLIC OF ESTONIA 2,177,002,324
REPUBLIC OF FINLAND 3,696,135,200
REPUBLIC OF HUNGARY 32,763,644,099
REPUBLIC OF ICELAND 8,808,204,575
REPUBLIC OF INDONESIA 30,459,955,229
REPUBLIC OF ITALY 148,617,213,985
REPUBLIC OF KAZAKHSTAN 23,182,954,247
REPUBLIC OF KOREA 49,254,188,100
REPUBLIC OF LATVIA 6,281,734,552
REPUBLIC OF LITHUANIA 3,216,066,342
REPUBLIC OF PANAMA 6,554,952,966
REPUBLIC OF PERU 19,660,717,899
REPUBLIC OF POLAND 16,450,839,456
REPUBLIC OF PORTUGAL 24,272,147,229
REPUBLIC OF SOUTH AFRICA 31,489,780,165
REPUBLIC OF THE PHILIPPINES 66,218,347,379
REPUBLIC OF TURKEY 188,628,684,750
RUSSIAN FEDERATION 110,068,180,097
SLOVAK REPUBLIC 5,346,498,565
SOCIALIST REPUBLIC OF VIETNAM 5,967,756,774
UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND 12,130,975,680
UNITED MEXICAN STATES 74,941,756,398
UNITED STATES OF AMERICA 4,759,492,270

http://georgewashington2.blogspot.com/2 ... redit.html