Yet a recent study drawing on U.S. Securities and Exchange Commission filings indicated that, as of year-end 1997, only a little more than half of 1 the 1,000 largest U.S. non-financial corporations used OTC or exchange-traded derivatives. More detailed, comprehensive and timely data are available for American banking organizations.
Offers of shorter term bonds and benchmark securities have also helped meet investor preference and stabilise yields. The general easing of monetary conditions, in addition to the above measures have also ensured that the additional borrowing needs of the government do not result in crowding out of credit to the private sector and helped in maintaining stable conditions in the government securities markets.