16:20 Feb 8, 2023
CCILCCIL > About Us > PortfolioCpmpression_IRS

Portfolio Compression for outstanding IRS (MIBOR Benchmark) trades carried out on 15th December 2022


On 15th December 2022, CCIL successfully carried out the 28th 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. 22 large foreign, private and nationalized sector Banks and Primary Dealers participated in this exercise. Of the 21,586 trades between 22 members which were found to be eligible for being considered for compression, 18,806 trades were identified for early termination achieving a compression of over 87.12%. 18,516 trades were terminated fully while 290 trades were partially terminated. The reduction in market-wide Notional Outstanding of Rs. 8,60,364.32 crores was achieved through this portfolio compression exercise. The compression exercise included both trades cleared by CCIL and non-cleared trades.

Careers with us | FAQ | Sitemap| Contact Us | Disclaimer | Privacy Policy | Discussion Forum
Best viewed with Internet Explorer 9.0 and above | © 2017, Managed byCCIL-IT