Sweden is known for its innovative and functional design. Appropriate, then, that Sweden is the home of an innovative service for tidying up portfolios of over-the-counter (OTC) swap trades. Companies have been terminating bilateral swaps for some time. But TriReduce, developed by Stockholm-based TriOptima, is a service for netting out multilateral swaps – that is, eliminating unnecessary mutual trades that have cancelled each other out by reaching the same buy and sell price. And now the
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