A retaining clamp for alignment of risers when packing a parachute is disclosed. The retaining clamp comprises a base with three prongs defining bores for receiving and engaging large rings of three-ring release assemblies (three-ring release assemblies are used for cutting off the main parachute canopy in the event of malfunction before deploying the secondary parachute in order to avoid entanglement between the main and secondary parachutes). The large rings are inserted in the bores, turned and engaged with the bores by way of force of friction. An alternative embodiment of the retaining clamp comprises a base with two prongs defining a bore for receiving and engaging large rings of three-ring release assemblies. Both embodiments can be used in combination with a parachute folding mat.