OSTTRA Adds Compression For USD/CNH Swaps At HKEX OTC Clear

OSTTRA, the global post-trade solutions provider, has completed its inaugural portfolio compression run for USD/CNH cross currency swaps (CCS) cleared through Hong Kong Exchanges and Clearing’s (HKEX) OTC Clear. The exercise, conducted on August 28, involved five financial institutions including Bank of China (Hong Kong) and Crédit Agricole CIB. In total, $5.8 billion in notional value was compressed, providing market participants with meaningful cost and risk reduction.The service was carried out via OSTTR ...