PortfolioCpmpression_IRS - ccil
Home
Portfolio Compression run by CCIL for IRS (MIBOR Benchmark) market a huge success! 88.10% compression achieved in the 34th cycle
Portfolio Compression for outstanding IRS (MIBOR Benchmark) trades carried out on 27th June 2024
On 27th June 2024, CCIL successfully carried out the 34th 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. 27 large foreign, private and nationalized sector Banks and Primary Dealers participated in this exercise. Of the 30,471 trades between 27 members which were found to be eligible for being considered for compression, 26,844 trades were identified for early termination achieving a compression rate of 88.10%. 26,499 trades were terminated fully while 345 trades were partially terminated. The reduction in market-wide Notional Outstanding of Rs. 9,48,603.91 crores was achieved through this portfolio compression exercise. The compression exercise included both trades cleared by CCIL and non-cleared trades.
On 27th June 2024, CCIL successfully carried out the 34th 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. 27 large foreign, private and nationalized sector Banks and Primary Dealers participated in this exercise. Of the 30,471 trades between 27 members which were found to be eligible for being considered for compression, 26,844 trades were identified for early termination achieving a compression rate of 88.10%. 26,499 trades were terminated fully while 345 trades were partially terminated. The reduction in market-wide Notional Outstanding of Rs. 9,48,603.91 crores was achieved through this portfolio compression exercise. The compression exercise included both trades cleared by CCIL and non-cleared trades.