TriOptima Eliminates $13.9 Trillion in Interest Rate Swap Notional Outstandings in First Half of 2009

NEW YORK--(Business Wire)--
TriOptima`s triReduce early termination service eliminated $13.9 trillion in
interdealer notional principal outstandings in 15 interest rate swap (IRS)
currencies in the first half of 2009, exceeding results for the whole of 2008.
Commitments to the international regulators to reduce IRS outstandings and
renewed focus on risk reduction efforts in the area of interest rate swaps
resulted in significant advancements by the dealers.

The 19 triReduce early termination cycles included AUD, CAD, CHF, EUR, GBP, HKD,
INR, JPY, MXN, NOK, NZD, SEK, USD, KRW, and ZAR interest rate swaps. The largest
results were from two EUR cycles eliminating $5 trillion and two USD cycles
eliminating $7.1 trillion. Total interdealer outstandings in USD interest rate
swaps as reported by the BIS for June 2008 was $40 trillion, $39.4 trillion for
EUR IRS. While notionals terminated in other currencies were smaller, they often
contributed to significant reductions in risk-weighted assets, capital charges,
and counterparty credit exposure.

"As OTC derivative dealers accelerated their interest in shedding notional
outstandings and reducing their counterparty exposures in IRS, TriOptima was
able to support them with 19 triReduce cycles in 15 currencies around the
world," said Ulf Andersson, business manager for triReduce. "In the second half
of 2009, we will be offering 21 additional cycles targeting some of the
currencies already covered as well as additional currencies and transactions in
LCH SwapClear. We are pleased to be able to assist our subscribers in meeting
their risk management commitments."

TriOptima`s triReduce cycles also eliminate interest rate swaps in CZK, HUF,
PLN, SGD, and other Asian currencies. In 2008, interdealer notional principal
terminations in IRS in 19 currencies totaled $13.6 trillion.

About TriOptima

TriOptima is the award-winning supplier of technology-leveraged post trade
processing services including triReduce and triResolve.

triReduce, the portfolio compression service for OTC derivative dealers,
pioneers technology that eliminates risk and reduces operational and capital
costs. Serving over 135 bank and non-bank subscribers worldwide includingthe
major local and global dealers in derivatives, triReduce is a critical tool for
maintaining post trade processing efficiency. triReduce offers compression
cycles in single name and index CDS swaps worldwide, IRS swaps in 21 currencies
and a range of energy derivatives.

triResolve is a network community service for proactive portfolio reconciliation
of OTC derivative portfolios. Used by global dealers, regional banks and
buy-side firms, triResolve currently handles 70-75% of all non-cleared OTC
derivative transactions globally. The service benefits trade control,
settlement, documentation, collateral and counterparty credit risk functions.
Web-based, interactive, with advanced matching and reporting capabilities, the
triResolve service reconciles all OTC derivative products, from plain vanilla to
complex structures.

TriOptima maintains offices in Stockholm, London, New York, Singapore, and
Tokyo. TriOptima is a privately-held company owned by its employees and
directors with a significant minority interest held by ICAP plc.

TriOptima
Susan Hinko, +1-646-744-0410
Global Head of Industry Relations
susan.hinko@trioptima.com
or
Meredith Sledd Lindquist, +46-8545-25-664
Global Head of Marketing
meredith.sledd.lindquist@triopima.com

Copyright Business Wire 2009