TriOptima's euro rates swaps tear-up planned via the Net

Brouwer said the sheer complexity of terminating swaps contracts between many large counterparties meant a manual system – as used during a small pilot run late last year (See: TriOptima sets sights on $25 trillion swap elimination) – was impossible. “In the pilot run, the maximum termination was a few hundred swaps and we could do that manually. With thousands of swaps it is not possible,” said Brouwer.

As a result, banks will need to send full details of swaps they are keen to terminate in

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: