The gross market value of outstanding OTC derivatives contracts fell to $11 trillion at end-2017, its lowest level since 2007. - The share of centrally cleared credit default swaps (CDS) rose to 55% at end-2017, as central clearing made further inroads. - The BIS revised the full history of the OTC derivatives statistics to incorporate more data from the Triennial Central Bank Survey. The grand total for all contracts remains unchanged, but amounts for all breakdowns are higher due to the allocation of previously undistributed amounts.