TriOptima Eliminates MXN TIIE Interest Rate Swaps with a Notional Value of $337 Billion (4 trillion MXN)

TriOptima announced that 15 regional and international institutions eliminated Mexican peso interest rate swaps with a notional value of $337 billion (4 trillion MXN) using the triReduce portfolio compression service.  
 
“With 15 institutions in this termination cycle, the largest number ever, we were able to deliver large reductions in outstanding MXN interest rate swap notional values,” said Peter Weibel, ceo of triReduce. “Since MXN interest rate swaps settle every 28 days, the elimination of outstanding trades results in significant reductions in operational costs and risks as well as counterparty credit risk. In addition, capital reserves related to these trades can also be redeployed.”
 
Since the introduction of its innovative triReduce service, TriOptima has terminated $120 trillion in IRS notional outstandings and $70 trillion in CDS notional outstandings. Full compression statistics are available on TriOptima’s website at: http://www.trioptima.com/resource-center/statistics/triReduce.html