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trioptima compression process

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CME Group has scheduled its first multilateral compression cycle for sterling interest rate swaps with TriReduce, who has this month also included the first client-cleared trades in a compression cycle. TriOptima’s core compression product, triReduce, continued to set new records in 2019. More details here. The service combines our central role in the FX market with TriOptima’s compression expertise. Understand how CME Group can help you navigate new initial margin regulatory and reporting requirements. Compression services such as TriOptima, Quantile or LMRKTS privately collect portfolio data provided by their client market participants, reconstruct the web of obligations, identify optimal compression 7 Schrimpf, A., 2015. Compression is available for cleared and uncleared interest rate swaps in 28 currencies, cross currency swaps, credit default swaps, FX forwards, and commodity swaps. This has been extending to prime brokers and executing brokers, bringing buy-side trades into scope. As UMR moves into phase 5 and phase 6, more Asian based entities will come into scope. TriOptima's multilateral approach to portfolio compression is helping the sell-side and buy-side alike to reduce ICE Libor risk, optimise capital, and enhance operational efficiency. Including buy-side participants widens the scope of impacted entities that we can include in the cycles. triReduce low touch compression service. Explore our comprehensive range of related, intuitive, web-based services. Reduce operational risk and manage counterparty risk exposure across your cleared and uncleared OTC derivatives portfolios. After this first risk replacement compression cycle in sterling, triReduce will offer enhanced compression/benchmark conversion cycles in other currencies as the market need arises. TriOptima was founded in 2000 in Stockholm. Compression is a process of replacing multiple offsetting derivatives contracts with fewer deals of the same net risk to reduce the notional value of the portfolio. It largely brings a lot of operational and cost efficiencies in optimising those exposures. New collateral, clearing, and capital regulations in the U.S., Europe and Asia are driving OTC derivative market participants to shed as much of their gross notional exposure as possible through multilateral portfolio compression. Portfolio compression is an effective risk mitigation tool. Member-Initiated Compression is a structure to realize Compression based on a proposal prepared by one or more Clearing Participant(s) for its (their) trades to be unwound and to be newly established. TriOptima, an infrastructure service that aims to lower costs and mitigates risk in OTC derivatives markets, has completed the first cleared inflation swap compression run at LCH SwapClear. Search our directory for a broker that fits your needs. Modern Slavery Act Transparency Statement. The compression services we offer are designed to respond to increases in balance sheet pressures, leverage ratios and general collateral rules, which are common constraints on banks’ activities - whether they’re global banks or regionally based banks in Asia. Peter Weibel, CEO of triReduce, TriOptima’s compression service, says: “It is more than just netting, compressed trades will actually cease to exist, eradicating the costs and risks associated with those trades. The compression run was completed on June 19 with Euro cleared inflation swaps being compressed through the triReduce … Reducing PFE in SA-CCR and risk weighted assets. TriOptima has three key services where we’re providing clear efficiencies in this space. Our uniform compression process means your experience is the same regardless of the region or product. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. Rowcliffe: TriOptima helps clients in Asia in several ways. triReduce leverages multilateral compression opportunities across portfolios, enabling firms to terminate trades with different coupons, end dates and cash flows for optimal results. Through our triResolve and triResolve Margin services, we help clients reconcile their portfolios, calculate and reconcile initial margin with counterparties, minimise counterparty exposures, and optimise net funding amounts. Rowcliffe: At TriOptima, we felt we had the basis for helping market participants transacting OTC swaps to achieve an efficient and orderly transition if they choose to move between benchmarks, based off our multilateral compression cycle pool, which forms the foundation of our existing compression services. SwapClear can receive and process valid compression proposals created by Approved Compression Service Providers (as defined in the applicable LCH rulebook). CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. With the growth of clearing, TriOptima began offering compression services for cleared trades in clearinghouses like LCH SwapClear, SGX and JSCC resulting in significant reduction… Operationally, being able to enter a compression exercise against multiple counterparties at the same time brings its own internal efficiencies on the client side. Regulation Asia: What are some of the other ways TriOptima is helping market participants in Asia adapt to regulatory change? Historically, our clients were almost exclusively major sell-side institutions, using our services for their trading operations. 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