Portfolio Compression for cleared forward INR/USD trades carried out on 17th Sep’ 20

 

On 17th Sep’ 20, CCIL successfully carried out the 11th 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. Six large banks participated in this exercise. A reduction in market-wide outstanding of over USD 3.86 Billion was achieved through this exercise.