Swap tear-up service set to reduce systemic risk

A patent-pending triangulation swap tear-up service developed by Sweden’s TriOptima could help eliminate more than $25 trillion of interest rate swap notionals and significantly reduce systemic risk, its developers claim.TriOptima founder Derk Brouwer believes TriReduce could save interbank swaps participants more than $1 billion a year in capital and future operational costs related to their swaps portfolios.

TriReduce nets-out swaps among at least three counterparties. This is more powerfu

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