Eurex-cleared interest rate portfolios are now part of OSTTRA’s triBalance optimisation runs, a step that broadens the service’s reach across central counterparties according to an OSTTRA press release. Since July, the integration has enabled firms to target margin and capital efficiencies beyond the existing coverage of LCH, CME Clearing and JSCC.
With Eurex included, triBalance enables optimisation across all major clearing counterparties in the global interest rate swap market, estimated at USD 260 trillion. The service is compatible with leading margin models, including ISDA SIMM™ and those developed by the CCPs themselves.
Rising demand for efficiency
Market volatility has sharpened the focus on collateral usage. OSTTRA reports that clients achieved record levels of savings in the second quarter of 2025, with initial margin reductions on interest rate portfolios up 57 percent compared with the same period in 2024. Margin savings at CCPs rose 89 percent.
“Through this collaboration, we are empowering clearing members to shift bilateral interest rate risk into Eurex Clearing,” says Danny Chart, global product lead, OTC IRD at Eurex Clearing, “and by doing so significantly reduce counterparty risk and enhance margin efficiency through effective netting.”
Beyond interest rates
While interest rate swaps remain the largest area, triBalance also covers other OTC asset classes, both cleared and uncleared. These include FX forwards, equity derivatives, credit default swaps and commodities, giving firms the opportunity to release collateral and capital across their broader trading activity.
