TriOptima and SwapClear include first client-cleared trades

Eighteen participants in compression cycle for Canadian dollar interest rate swaps, eliminating $1.05trn in notional principal

peterweibel-trioptima
Peter Weibel: "…generates larger pools of eligible trades for compression, improving cycle efficiency and results"

Over-the-counter, post-trade risk management service provider TriOptima has announced that 18 entities participated in the recent SwapClear compression cycle for Canadian dollar interest rate swaps, eliminating C$1.38 trillion ($1.05 trillion) in notional principal.

Today’s announcement represents the first client-cleared trades in the swap compression cycle using the multilateral, risk-constrained triReduce service. Until now, only direct members of SwapClear could use it.

According to the Icap

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