TriOptima completes first compression cycle with JSCC for cleared JPY Interest rate swaps


ICAP subsidiary TriOptima which develops post trade infrastructure for OTC derivatives for buy side institutions and global dealers has today announced that it has cooperated with Japanese Securities Clearing Corporation (JSCC) to complete the first compression cycle for cleared JPY interest rate swaps in JSCC.

Fourteen major Japanese and international financial institutions eliminated JPY 9.86 Trillion ($82.24 Billion) in notional principal in JSCC’s first triReduce multilateral risk-constrained compression cycle.

Eliminating notional principal reduces operational risk and contributes to complying with Basel III leverage ratio requirements and overall stability in the global financial system.

“We look forward to working together with JSCC to offer multilateral compression to its members on a regular basis,” said Peter Weibel, CEO of triReduce.

For the official announcement from ICAP, click here.

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TriOptima completes first compression cycle with JSCC for cleared JPY Interest rate swaps

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