portfolio compression

Defined in Article 2, Regulation (EU) No 600/2014 (MIFIR)

Definitions over time (2)

1. 01/07/2016 – today applies on 12/11/2026 Article 2, Regulation (EU) No 600/2014 (MIFIR) Scope: Whole act

   For the purposes of this Regulation, the following definitions apply:

   ‘portfolio compression’ means a risk reduction service in which two or more counterparties wholly or partially terminate some or all of the derivatives submitted by those counterparties for inclusion in the portfolio compression and replace the terminated derivatives with another derivative whose combined notional value is less than the combined notional value of the terminated derivatives;

2. 02/07/2014 – 01/07/2016 Article 2, Regulation (EU) No 600/2014 (MIFIR) Scope: Whole act

   For the purposes of this Regulation, the following definitions apply:

   ‘portfolio compression’ means a risk reduction service in which two or more counterparties wholly or partially terminate some or all of the derivatives submitted by those counterparties for inclusion in the portfolio compression and replace the terminated derivatives with another derivative whose combined notional value is less than the combined notional value of the terminated derivatives.

Used in (9 places in 4 provisions on 12/11/2026)

Regulation (EU) No 600/2014 (MIFIR) (9 in 4)

Recital 8⁵ · Recital 27 · Recital 46 · Article 2²