TriOptima sets sights on $25trn swap elimination


STOCKHOLM -- A new, patent-pending triangulation swap tear-up service developed by Sweden’s TriOptima could help eliminate more than $25 trillion of interest rate swap notionals, and significantly reduce systemic risk, its developers claim.

TriOptima founder Derk Brouwer believes the service, called TriReduce, could save interbank swaps participants more than $1 billion a year in capital and future operational costs related to their swaps portfolios.

The system nets-out swaps among at least t

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