19:27 Sep 28, 2021
CCILCCIL > About Us > PortfolioCpmpression_IRS

Portfolio Compression for outstanding IRS (MIBOR Benchmark) trades carried out on 8th September 2021


On  8th September 2021, CCIL successfully carried out the 23rd 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. 17 large foreign, private and nationalized sector Banks and Primary Dealers participated in this exercise. Of the 9,332 trades between 17 members which were found to be eligible for being considered for compression, 7,131 trades were identified for early termination achieving a compression of over 76.41%. 6,946 trades were terminated fully while 185 trades were partially terminated. The reduction in market-wide Notional Outstanding of Rs. 3,47,510.26 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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