Swedish post-trade services group TriOptima plans to launch renminbi and new Taiwan dollar interest rate swaps (IRS) termination services in the second half of this year. The company currently offers its services across 19 currencies, including seven Asian currencies.
Dealers are increasing their efforts to terminate backlogs of derivatives contracts sitting on their trading books. TriOptima introduced its multilateral swap-termination service, TriReduce, in 2003. This cancels out swaps between