Notional amounts of over-the-counter derivatives contracts rose 10% in the first half of 2009 to $605 trillion, according to the Bank for International Settlements. In contrast, gross credit exposures fell by 18% to $3.7 trillion.
Q3 2009 saw trading volumes on derivatives exchanges stabilise at 60% of the pre-crisis level in the third quarter of 2009. Total turnover based on notional amounts was unchanged from the previous quarter, at $425 trillion.
CDS contracts also continued to fall, with outstanding notional amounts reaching $36 trillion at the end of June 2009.
Balance sheets continued to contract, with the fourth largest quarterly decrease this decrease. According to BIS, the $477 billion decline in the total gross international claims was entirely driven by a contraction in interbank claims, which fell by $481 billion.
Figures from BIS can be found here