Cross-currency tear-ups extended to South Korean won

摘要

Post-trade derivatives processing firm trioptima has completed its first cross-currency compression cycle in US dollar/South Korean won swaps. The cycle eliminated US$8.8bn of notional outstanding through the triReduce platform with participation from 11 financial institutions. Cross-currency swaps were added to the firm's tear-up cycles in April 2014, resulting in more than US$ltrn notional eliminated to date across nine currencies in the US$24trn-equivalent notional market.