We have appended a snapshot of the derivatives below the article sourced from ChinaMoneyRpt. What a whopping number!
Banks increased total outstanding derivatives by a record $107 Trillion in 6 Months. The grand total has reached over $708 Trillion.This number represents the latest total amount of all notional Over The Counter (read unregulated) outstanding derivatives reported by the world’s financial institutions to the BIS for its semi-annual OTC derivatives report titled “OTC derivatives market activity in the first half of 2011.” Indicatively, global GDP is about $63 trillion.