- 15 Apr 2021
- By TriOptima
- Topics: triReduce
We are delighted that TriOptima has been shortlisted at this year's FTF Awards in the category 'Service Provider of the Year'. Please show your support by voting. Easily find the relevant category by searching (Ctrl.F) for TriOptima.
In March 2021, we compressed over $27 trillion in gross notional across Rates, FX and Credit derivatives with 76 market participants - helping banks optimize capital requirements and reduce exposure to legacy IR benchmarks ahead of cessation.
We are helping clients minimize their bilateral FX exposures as they seek to stay under the UMR threshold during the AANA calculation period. Clients can initiate targeted FX compression cycles and specify almost every aspect, while their risk profile remains the same.
The introduction of regulations on Standard Approach to Counterparty Credit Risk (SA-CCR) is changing firms' approaches to capital costs. Are you looking for SA-CCR solutions? Optimize with TriOptima.
Mattias Palm, Head of triReduce FX, presented at the FX Markets Asia virtual conference on "How Innovation is Reshaping the FX Market - a Post-Trading Perspective."
triBalance has been helping the industry proactively manage SA-CCR and RWA exposures, while simultaneously optimizing initial margin for six months. Learn how our multilateral solution can reduce your counterparty credit risk and cost of trading.
The March bilateral Chilean peso cycle saw a record number of participants compress CLP 21.8 trillion notional, a 700% increase year on year.
We completed the largest Japanese yen cycle at JSCC since 2017, with participants compressing JPY 246.8 trillion.
Q1 was our most active since 2017.This further underscores the breadth and depth of our offering, with support for both LCH SwapAgent trades and trade referencing alternative benchmarks for compression.
The triReduce API allows participants to automate each step of a compression cycle, from scheduling processes to submitting files and downloading the results files. You can, for example, let your system download and verify the proposal as soon as it is published. The triReduce API is available for both triReduce Rates and triReduce FX.
Virtual event: Fifth Annual Impact of CCP Risk and Initial Margin on Counterparty Risk Management
Listen to the TriOptima panel consider‘The great balancing act: A discussion about the interplay between UMR and SA-CCR’
Our SGD cycles at LCH included SORA swaps for the first time. Firms are utilizing triReduce to decrease their exposure to legacy benchmarks in readiness for the broader adoption of the alternative RFR.
We are pleased to offer regular compression/conversion cycles in €STR, TONA, and SONIA with more benchmarks being added.
Live
EUR €STR | GBP SONIA | JPY TONA
Testing
USD SOFR | CHF SARON | SGD SORA
Learn how customers can iteratively convert their legacy benchmark risk using multilateral compression and alternative benchmark replacement trades.
triReduce experts sat down with Risk to answer questions about reducing exposure to legacy benchmarks as part of the coming transition to alternative reference rates.
How can buy- and sell-side participants optimize the transition of legacy benchmark OTC swaps to alternative reference rates?
Risk LIBOR Live
Hear Vikash Rughani, triReduce business manager, speak at the upcoming Risk LIBOR Live event on the panel 'Transition in derivatives markets'.
Agenda
Benchmark conversion APAC webinar (in June)
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