Nasdaq Clearing's first compression run for interest rate swaps has eliminated notional totalling Skr288 billion ($35 billion) in an exercise involving five of its Nordic bank clearing members.
Participating members also began back-loading (registering historical trades for clearing) of their Swedish krona interest rate swap portfolios into Nasdaq Clearing.
Danske Bank, SEB and Swedbank are known to have participated in the compression run. TriOptima, which conducted the compression in its first
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