TriOptima Eliminates JPY Interest Rate Swaps with a Notional Value of 70 trillion JPY ($857 billion) in the First Half of 2011 as Record Number of Japanese Institutions Participate

TriOptima announced that 15 Japanese and international institutions eliminated JPY interest rate swaps with a notional value of 70 trillion JPY ($857 billion) in the first half of 2011 using the triReduce portfolio compression service.   

 

“The participation of Japanese financial institutions has grown dramatically in 2011 with Japanese entities now the majority of participants,” said Yutaka Imanishi, CEO of TriOptima Asia Pacific. “These results reflect the growing focus on counterparty credit risk and operational risk management in the Japanese market. Eliminating swaps also frees up capital for redeployment.”

 

Since the introduction of its innovative triReduce service, TriOptima has terminated $135 trillion in IRS notional outstandings and $73 trillion in CDS notional outstandings. Full compression statistics are available on TriOptima’s website at: http://www.trioptima.com/resource-center/statistics/triReduce.html