You can see the breakdown of swaps here. http://www.bis.org/statistics/derstats.htm http://www.bis.org/statistics/derstats.htm You will note that as others hav

You can see the breakdown of swaps here. http://www.bis.org/statistics/derstats.htm http://www.bis.org/statistics/derstats.htm You will note that as others have said the majority are either FX or IRS. Also its gross exposure not net exposure.