Industry renews push for triBalance clearing exemption

Dealers using Emir review to request carve-out for optimisation trades

Optimisation can flatten exposures and help reduce initial margin requirements

Dealers are using the review of the European Market Infrastructure Regulation (Emir) to renew a push to exempt non-cleared derivatives trades done via TriOptima’s optimisation service from mandatory clearing rules.

In 2012, TriOptima introduced an optimisation solution as part of its triBalance service that suggested a series of multilateral trades for banks to enter that would offset each other’s legacy non-cleared risks and then replace that risk with cleared swaps. However, the service