France tops weekly credit default swaps charts

Top sovereign and corporate CDS movement

 Top 10 Sovereign Entities by Net Notional Change vs. 4 Weeks Ago

Reference Entity

 Net Notional (USD EQ)

Net % Change vs 4 Weeks Ago

 Contracts

REPUBLIC OF KAZAKHSTAN

          846,120,900

-14.52%

                       1,787

REPUBLIC OF POLAND

      1,859,376,639

13.80%

                       4,220

SOCIALIST REPUBLIC OF VIETNAM

          555,714,937

-10.57%

                      1,332

UKRAINE

          830,584,827

7.61%

                       3,247

HUNGARY

      1,886,946,795

-7.58%

                      6,456

REPUBLIC OF SLOVENIA

          674,238,867

-7.51%

                           583

REPUBLIC OF SOUTH AFRICA

      2,543,431,873

7.13%

                       5,274

REPUBLIC OF TURKEY

      6,235,547,819

6.99%

                       9,267

BOLIVARIAN REPUBLIC OF VENEZUELA

      1,799,233,042

-6.60%

                       4,416

REPUBLIC OF CHILE

          705,089,281

6.59%

                           699

Top 10 Corporate Entities by Net Notional Change vs. 4 Weeks Ago

Reference Entity

 Net Notional (USD EQ)

Net % Change vs 4 Weeks Ago

 Contracts

ORACLE CORPORATION

          252,996,876

26.60%

                          643

PETROLEOS DE VENEZUELA, S.A.

          564,556,600

-25.92%

                           385

BUNGE LIMITED FINANCE CORP.

          290,169,843

25.61%

                           465

CANON INC.

          365,948,283

24.10%

                           298

AKTIEBOLAGET ELECTROLUX

          950,074,863

-23.15%

                       3,331

FUJITSU LIMITED

          620,772,760

22.98%

                           832

GENON ENERGY, INC.

          330,005,433

-22.47%

                       1,255

KAWASAKI HEAVY INDUSTRIES, LTD.

          463,594,774

20.93%

                           622

OJI PAPER CO., LTD.

          678,901,683

20.77%

                           481

ENI S.P.A.

      1,165,933,428

20.03%

                       1,736

The net notional amount represents the maximum that would have to be paid in the event of a default by the entity, assuming netting across trade counterparties’ families. The gross notional amount represents the value of all active CDS contracts, including offsetting contracts. The Top 10 volume movers show the reference entities with the largest notional movement for the week.

The Depository Trust & Clearing Corporation (DTCC) is publishing weekly data on credit default swaps (CDS) contracts for both sovereign and corporate reference entities.  DTCC’s Trade Information Warehouse contains approximately 98% of all CDS trades executed globally. This information is publicly available on DTCC’s website, www.dtcc.com.

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