The notational value of swaps that are held by commercial banks as of 2012 was over $130 trillion.

Name: The notational value of swaps that are held by commercial banks as of 2012 was over $130 trillion.
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This statement is true. The Bank for International Settlements reported that by the end of 2012, the notional amount outstanding of over-the-counter (OTC) interest rate swaps held by commercial banks was over $400 trillion, with a gross market value of $16.6 trillion.

The Notational Value of Swaps That Are Held by Commercial