The clearer and post-trade specialist have run 16 cycles to cut the value of swaps on their client's balance sheets
LCH.Clearnet and post-trade specialist TriOptima said the
value of the interest rate swaps they have taken off client
balance sheets has hit $300 trillion, marking a milestone in a
process that helps banks with their leverage ratios.
LCH.Clearnet, majority-owned by the London Stock Exchange
Group, and TriOptima, owned by broker Icap, said they have
jointly "compressed" some $302 trillion of interest rate swaps
sitting on LCH’s SwapClear system.
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