TriOptima claims tear-up effect

Swedish post-trade services firm TriOptima said the 12% decline in CDS notional outstanding was caused principally by its triReduce tear-up cycles, which allow dealers to match and multilaterally unwind OTC derivatives trades. The company says it terminated $17.4 trillion notional in interdealer CDS in the first half of the year.

"As the sole provider of portfolio compression services in the first half of 2008, we can confirm that tear-ups were a positive factor in stabilising the growth in notio

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: