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On 20th February 2025, CCIL successfully carried out the 17th cycle of the Portfolio Compression exercise in the Forex Forward market, aimed at reducing the overall notional outstanding and the number of outstanding contracts by identifying economically redundant trades for early termination. 7 large foreign, private and nationalized sector Banks participated in this exercise. Of the 1,071 trades between 7 members which were found to be eligible for being considered for compression, 785 trades were identified for early termination achieving a compression of over 73.30%. 723 trades were terminated fully while 62 trades were partially terminated. The reduction in market-wide Forex Position of 13,687 million was achieved through this portfolio compression exercise. The compression exercise included trades cleared by CCIL.