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