January 09, 2019 BY Valentina Kirilova

LCH SwapAgent completes its first cross-currency swap compression

LCH SwapAgent has just announced that €4.5 billion in notional of trades registered in LCH SwapAgent were successfully compressed in TriOptima’s multilateral USD/EUR cross-currency swap compression cycle. Compression is the process by which members can eliminate offsetting trades to reduce notional outstanding and the number of line items in a portfolio. Capital requirements such as…

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