TriOptima executes first rupee rates swap-termination cycle

News

asiarisk-aug08-02-gif

Stockholm-based swap-cancellation service TriOptima has executed its first termination cycle of Indian rupee swaps based on the Mumbai interbank offered rate (Mibor). Seven banks terminated 10,600 trades with a notional principal of Rs4.6 trillion ($107 billion), eliminating Rs153.4 billion in mark-to-market exposure.

TriOptima's triReduce service terminated 94% of all the matched trades between the participating banks. "This represents a major contribution to the reduction of operational risk an

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: