TriOptima conducts first Indian rupee termination cycle

TriOptima has conducted the first-ever triReduce termination cycle in Indian rupee swaps based on MIBOR (Mumbai Interbank Offered Rate). Seven banks terminated 10,600 trades with a notional principal of INR4.6 trillion ($107bn). They eliminated INR153 billion in mark-to-market exposure.

Peter Weibel, CEO of TriOptima Asia, says: “We are pleased that we were able to terminate 94% of all the matched trades between participating banks. This represents a major contribution to the reduction of operati

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