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To: mishedlo who wrote (266983)	11/12/2003 4:22:41 PM
From: mishedlo	Respond to of 436258

OTC derivatives market grows to $170 trillion-BIS Reuters, 11.12.03, 3:59 AM ET LONDON, Nov 12 (Reuters) - The global over-the-counter (OTC) derivatives market expanded by 20 percent in the first half of 2003 as interest rate swap contracts continued robust growth, data from the Bank for International Settlements showed. In figures released on Wednesday, the Basel-based BIS said the OTC foreign exchange market resumed growth after a stable second half of 2002 with euro/dollar contracts surging considerably as the euro appreciated over the period. The BIS, a forum for central banks, said the total estimated notional amount of outstanding OTC contracts stood at $169.7 trillion at end-June 2003, up 20 percent from end-December 2002.