Portfolio Compression for
outstanding IRS trades carried out on 07th Mar ’19
On 07th Mar'19, CCIL successfully carried out the 16th cycle of the Portfolio Compression exercise in the Interest Rate Swaps market aimed at reducing the overall notional outstandings and the number of outstanding contracts by identifying economically redundant trades for early termination. 26 large foreign, private and nationalized sector Banks and Primary Dealers participated in this exercise. Of the 29,163 trades between 26 members which were found to be eligible for being considered for compression, a record 27,137 trades were identified for early termination achieving a compression of over 93.05%. 26,829 trades were terminated fully while 308 trades were partially terminated. The reduction in market-wide Notional Outstanding of Rs. 16,52,334.31 crores is the highest ever reduction achieved through portfolio compression in this market . The compression exercise included both trades cleared by CCIL and non-cleared trades.