Stockholm-based technology company TriOptima's portfolio compression service triReduce eliminated $3.27 trillion of notional outstanding US dollar interest rate swaps in February.
The latest compression cycle, carried out on portfolios of 20 derivatives dealers, represents the largest tear-up of interest rate swaps by the company. In 2008, TriOptima carried out 30 interest rate swap compression cycles.
"Last year, dealers eliminated $13.6 trillion in notional interest rate swaps across 19 curren
The week on Risk.net, July 7-13, 2018Receive this by email