Services

Portfolio Compression Services

On 19th June 2025, CCIL successfully carried out the 38th 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. 28 large foreign, private and nationalized sector Banks and Primary Dealers participated in this exercise. Of the 30,172 trades between 28 members which were found to be eligible for being considered for compression, 26,281 trades were identified for early termination achieving a compression rate of 87.10%. 25,947 trades were terminated fully while 334 trades were partially terminated. The reduction in market-wide Notional Outstanding of Rs. 13,84,987.44 Crores was achieved through this portfolio compression exercise. The compression exercise included both trades cleared by CCIL and non-cleared trades.