With the triReduce service, participants are able to tear up their existing trades at their own mid mark-to-market valuations so the difficult negotiation of a bilateral termination is eliminated; and the number of trades that are eliminated significantly increases due to the multilateral nature of the process.
Interest rate swap terminations: triReduce rates
Currently TriOptima offers triReduce Rates termination cycles in 25 currencies with around 160 regional and global institutions participating worldwide.
*All notional numbers are calculated single counted except for trades facing a CCP where each side of the trade is counted, following market practice.
Credit default swap compressions: triReduce credit
TriOptima began offering triReduce Credit termination cycles with CDS Indices in 2005 as the need to streamline back office processing of Credit Default Swap transactions became a priority.
All notional numbers are calculated single counted.
Interest Rate Trade Reporting Repository
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