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triReduce - portfolio compression & early termination service
triReduce


Portfolio compression

 



triReduce, TriOptima’s award-winning multilateral portfolio compression service for OTC derivatives is an important tool for managing post trade risk and preparing for the new Basel III leverage ratio requirements.

OTC derivative market participants have eliminated more than $476 trillion in notional principal using triReduce cycles, through June 2014. Terminated trades include cleared interest rate swaps and uncleared interest rate swaps in 27 currencies, credit default index and single name swaps, and commodity swaps.

TriOptima is the innovator behind multilateral portfolio compression and continues to expand the range of compression to new products and market segments. Targeted new products include FX forwards, cross currency swaps and inflation swaps. New market segments include dealer and customer cleared swaps in CCPs around the globe.

Meeting the new regulatory challenges
New collateral, clearing, and capital regulations in the US, Europe and Asia are motivating OTC derivative market participants to shed as much of their notional exposures as possible through portfolio compression. Reducing operational risk and cost, managing counterparty credit risk, streamlining collateral requirements, and reducing gross notional exposures are critical goals in the new global regulatory framework.

Recognized as best practice by the industry, portfolio compression has also been incorporated into the new regulatory landscape. EMIR and Dodd-Frank rulemaking require that firms analyze their OTC swap portfolios for compression opportunities in all asset classes. TriOptima offers its service as the most effective tool for taking advantage of those opportunities on an ongoing basis.

Secure, simple process
A triReduce cycle is a simple, secure process whether the trades are cleared or uncleared, dealer trades or client trades. TriOptima maintains strong interfaces with clearinghouses and other infrastructure providers to help cycle participants manage participation in the relevant compression cycle. Web-based, triReduce does not require any software installation or IT investment.



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