Tear Up
| August 4th, 2011 | TriOptima and LCH.Clearnet Terminate SwapClear USD Interest Rate Swaps with Notional Principal Value of $7.1 Trillion Represents the largest USD interest rate swap tear-up to date for SwapClear LCH.Clearnet Limited (LCH.Clearnet) and TriOptima announce that SwapClear members have torn up $7.1 trillion notional principal in SwapClear-cleared USD-denominated interest rate swaps (IRS) in a triReduce termination cycle, thereby eliminating them from LCH.Clearnet’s SwapClear service. |
| November 24th, 2008 | Markit and Creditex Tear Up $1.036 Trillion CDS Trades Outstanding Single-Name CDS Trades Reduced Significantly Through Portfolio Compression Creditex and Markit today announced the compression of $1.036 trillion in notional value of credit default swap (CDS) transactions since the successful launch of a coordinated programme of multilateral trade terminations in August this year. |
