15:43 Jun 29, 2022
CCILCCIL > About Us > PortfolioCpmpression_IRS

Portfolio Compression for outstanding IRS (MIBOR Benchmark) trades carried out on 10th March 2022


On 10th March 2022, CCIL successfully carried out the 25th cycle of the Portfolio Compression exercise in the Interest Rate Swaps market for MIBOR Benchmark, aimed at reducing the overall notional outstandings and the number of outstanding contracts by identifying economically redundant trades for early termination. 21 large foreign, private and nationalized sector Banks and Primary Dealers participated in this exercise. Of the 12,636 trades between 21 members which were found to be eligible for being considered for compression, 9,670 trades were identified for early termination achieving a compression of over 76.53%. 9,424 trades were terminated fully while 246 trades were partially terminated. The reduction in market-wide Notional Outstanding of Rs. 3,83,365.69 crores was achieved through this portfolio compression exercise. The compression exercise included both trades cleared by CCIL and non-cleared trades.

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