Size of the Swap Market o In 1995 the notational principal of interest rate swaps was $12, 810, 736.000,000 Currency swaps $1, 197, 395,000,000 The most popular currencies are U.Ss(34%) ￥(23%) DM(11% FF(10%) ￡(6%) McGraw-Hilylrwoin 10-4 Copyright@ 2001 by The McGraw-Hill Companies, Inc. All rightsMcGraw-Hill/Irwin Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. 10-4 Size of the Swap Market ⚫ In 1995 the notational principal of: interest rate swaps was $12,810,736,000,000. Currency swaps $1,197,395,000,000 ⚫ The most popular currencies are: ◼ U.S.$ (34%) ◼ ¥ (23%) ◼ DM (11%) ◼ FF (10%) ◼ £ (6%)