Trade body said the use of compression has shrunk the market significantly
Clearing and portfolio compression are
becoming prevalent in the interest rate derivatives (IRD)
market, with more than two-thirds of rates now cleared and
compression, and the market significantly lower as a result,
according to new research.
Trade body the International Swaps and
Derivatives Association (Isda), estimates that 67.1% of IRD
notional outstanding was cleared at the end of June 2015, up
from the 21% cleared in 2008.
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