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TriOptima completes first cross currency swap compression in USD/Korean Won

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NEW YORK & LONDON--(BUSINESS WIRE)--TriOptima, a leading provider of OTC derivative post trade risk management services, announces today that 11 financial institutions eliminated $8.8 billion notional principal outstanding in the first USD/KRW (Korean Won) cross currency swap triReduce compression cycle. Cross currency swaps are subject to both interest rate and foreign exchange rate fluctuations and are not currently cleared. They increase an institution’s credit and capital costs as well as i

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