Portfolio Compression 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 exercise.