Services

Portfolio Compression Services

On 12th March 2025, CCIL successfully carried out the 37th 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. 31 large foreign, private and nationalized sector Banks and Primary Dealers participated in this exercise. Of the 23,272 trades between 31 members which were found to be eligible for being considered for compression, 20,462 trades were identified for early termination achieving a compression rate of 87.9%. 20,127 trades were terminated fully while 335 trades were partially terminated. The reduction in market-wide Notional Outstanding of Rs. 10,40,425.43 Crores was achieved through this portfolio compression exercise. The compression exercise included both trades cleared by CCIL and non-cleared trades.