TRL Exchange – Swaps/Notes Exchange Platform
TRL Exchange is a market place which was established for TradeRisks' clients to enter into Interest rate/ RPI Swaps and Rated and Listed Notes.
Executing swaps through TRL Exchange reduces:
- transaction execution costs when entering into and unwinding/reversing a swap
- counterparty credit exposure, security utilisation and margin call risk
- covenant breach risk through one party defaulting
currently incurred by businesses when entering into long term swaps with their lending banks. These costs and risks have become so severe that businesses are effectively prevented from managing interest rate risk by their lending banks.
Borrowing through TRL Exchange has created a new non-structured approach through the creation of rated, listed note placements.
TRL Exchange uses a streamlined and efficient process to:
- provide effective transaction management
- significantly reduce issue costs and arrangement fees
- facilitate a direct and transparent interface with institutional investors.
All users of this website must see the Regulatory Information and Disclaimer page and enter into the Confidentiality Undertaking. All users of TRL Exchange must enter into the Terms and Conditions.

