for cleared forward INR/USD trades carried out on 11th Sep’ 18
On 11th Sep’ 18, CCIL
successfully carried out the 8th cycle of Portfolio Compression for cleared
forward INR/USD trades. The exercise was aimed at reducing the overall gross
outstanding trade volume by identifying economically redundant trades for early
termination. Seven large banks participated in this exercise.
A reduction in
market-wide outstanding of over USD 10.28 Billion was achieved through this