TriOptima announces that it successfully completed the first triReduce compression cycle for precious metals forwards and swaps, terminating $7.2 billion in notional principal outstandings. Working with six institutions to expand the range of compression activity, firms were able to reduce their gross positions in gold and silver unlocking regulatory capital and reducing collateral requirements.
“In the new regulatory environment it is important to manage capital and collateral resources efficiently,” said Mattias Palm, business manager for triReduce Commodities, “We were pleased to support the industry by applying our triReduce concept to precious metals trades. We look forward to future cycles, with additional participants, which will further increase the results“.
