TriOptima eliminates JPY271.6 trillion notional in interest rate swaps from LCH SwapClear in record-breaking compression cycle

20 February 2013

New York / London – February 20, 2013 TriOptima announces today that it eliminated JPY 271.6 trillion (USD3 trillion) in cleared interest rate swap notional principal outstandings from LCH SwapClear, the largest ever triReduce compression cycle in JPY interest rate swaps. Since TriOptima began offering its triReduce early termination service in JPY in 2004, almost JPY1,600 trillion (USD18.3 trillion) in cleared and uncleared swaps have been eliminated.

"The banks, LCH SwapClear and TriOptima worked together to achieve these record-breaking results," said Ken Nishimura, head of TriOptima Japan. "Contributing to the success of the cycle was an increase in participants as institutions recognize the benefits of compression. We anticipate continued expansion of the process in 2013."

About triReduce Compression
Compression services are offered through TriOptima’s triReduce service to swap market participants with significant two-way flow. In triReduce, participants are able to tear up their existing trades at their own mid mark-to-market valuations avoiding the difficult negotiation process of bilateral termination. Multilateral terminations leverage off the expanded number of participants and result in increased numbers of terminated trades.

Eliminating unnecessary swaps in an OTC derivatives clearinghouse promotes the efficient use of capital and collateral and contributes to overall financial stability by moderating the pace of growth in outstanding notional principal in the market.

About TriOptima
TriOptima, an ICAP Group company, is the award-winning provider of OTC derivatives post trade risk management services including triResolve, triReduce, triBalance, and the recently-launched triQuantify.

triBalance facilitates proactive counterparty risk management by rebalancing counterparty risk exposure between multiple CCPs and bilateral relationships (in Rates, Credit and Commodities) enabling an efficient use of capital and collateral and reducing systemic risk.

triQuantify offers risk analytic models that leverage recent developments in state-of-the-art massively parallel computing devices to calculate metrics such as CVA, PFE and GVA on a global scale and with more realistic and accurate risk models.

triResolve is a network community service that provides counterparty exposure management services including proactive portfolio reconciliation of OTC derivative portfolios, margin call management, and dispute resolution.

TriOptima maintains offices in London, New York, Singapore, Stockholm, and Tokyo.

For further information please contact:
Susan Hinko, Global Head of Industry Relations
Tel: + 1 646 744 0410

Candice Adam, Argentus PR
Tel: +44 20 7397 2915

Contact Us

Bryony Scragg
Head Of Media Relations +44 20 7818 9689 LinkedIn
Bryony scragg
Casey Sheets
Media Relations (US) +1 212 521 4627 LinkedIn
Casey Sheets


08 August 2016

TriOptima completes first triReduce compression cy...

TriOptima completes first triReduce compression cycle for cleared Mexican Peso swaps at CME Group

London, New York - 8 August 2016 – TriOptima, a leading provider of OTC derivatives ...

Read More
13 July 2016

TriOptima & CLS win FX Week’s Best Post-Trade Se...

Peter Weibel, CEO triReduce, TriOptima

London/New York – 13 July, 2016: TriOptima, an award-winning post trade infrastructu...

Read More
10 May 2016

Interest in post trade risk mitigation services gr...

Yutaka Imanishi, CEO APAC, TriOptima

Hong Kong, Singapore, 10 May, 2016, TriOptima, the award-winning post trade infrastructure...

Read More
05 May 2016

TriOptima completes first triReduce compression cy...

Peter Weibel, CEO triReduce, TriOptima

London, New York - 5 May 2016 – TriOptima, the award-winning post trade infrastructu...

Read More


Browse media and documents
which are available to download.

Images & Video


Keep up with the latest coverage
of NEX and its industry experts.

See our insights