Japan Securities Clearing Corporation /jscc/en/ In January, 2003, Japan Securities Clearing Corporation (JSCC) was the first clearing organization licensed in Japan to conduct the CCP clearing under the Securities and Exchange Law (now called Financial Instrument Obligation　Assumption Service based on the Financial Instruments and Exchange Law) and started Clearing cash transactions on Japanese Stock Exchanges. The commencement of JSCC’s Clearing Business combined the clearing of cash transactions, which used to be handled by each exchange, and dramatically improved the safety and efficiency of the clearing and settlement processes. Fri, 02 May 2025 11:01:10 +0000 en-US hourly 1 JSCC Completes Compression Cycle for Cleared Interest Rate Swaps /jscc/en/information/news/20250425_irs_comp_e.html Fri, 25 Apr 2025 06:11:03 +0000 /jscc/en/information/news/20250425_irs_comp_e.html

Japan Securities Clearing Corporation announced today that it had completed the compression cycle for cleared yen-denominated interest rate swaps (using TriOptima's triReduce service).

In today's cycle, 30,063 cleared swaps (24,374 full-size terminations and 5,689 partial terminations) with JPY 391.4 trillion in notional amount were terminated.
Note: Terminations of Euroyen TIBOR-OIS basis swaps generated due to technical reason (i.e., to retain Euroyen TIBOR Fixing results fixed on and before December 30, 2024) at one-time conversion of Euroyen TIBOR referencing trades to OIS trades are excluded from the above values.

While continuing to provide the bulk compression service, JSCC will strive to ensure safe and efficient operations of our clearing services and enhance the accessibility of our services for market participants.

]]> Judgement regarding Ad Hoc Modification of AS-VaR Parameters - Update of AS-VaR Parameters (April 24, 2025 - April 25, 2025) /jscc/en/information/news/20250423-02.html Wed, 23 Apr 2025 09:00:00 +0000 /jscc/en/information/news/20250423-02.html

　As a result of the judgment pertaining to ad hoc modification of AS-VaR Parameters, because recalculated AS-VaR Parameter values of the GOLD Group exceeds the threshold for ad hoc modification, JSCC sets new AS-VaR Parameters effective for April 24, 2025 - April 25, 2025 as below (Getting AS-VaR Parameter File).


]]> 【On April 23】Judgment by JSCC pertaining to ad hoc modification of AS-VaR Parameters (the Gold Group) /jscc/en/information/news/20250423-01.html Wed, 23 Apr 2025 07:30:00 +0000 /jscc/en/information/news/20250423-01.html

Today's settlement price for the Leading Contract Month of the GOLD Group from the previous day exceeded 90% of the base value of Price Fluctuation Risk. JSCC will recalculate AS-VaR parameters for this Group,GOLD ROLLING-SPOT Group and ODEX GOLD ROLLING-SPOT Group and will determine whether ad hoc modification of AS-VaR Parameters is necessary or not.
We will announce by 6:00 p.m. the results of the judgment and modified AS-VaR parameters (if any).

]]> Conclusion of IRS Clearing Brokerage Agreement /jscc/en/information/news/20250421_1.html Mon, 21 Apr 2025 00:00:00 +0000 /jscc/en/information/news/20250421_1.html

JSCC hereby notifies you of the receipt of the notification from a Clearing Participant acting as Clearing Broker to the effect that it concluded an IRS Clearing Brokerage Agreement with the following Clearing Customer (Non-affiliate of its Clearing Participant).

・Complus Asia Macro JPY Fund
・Complus Asia Macro Master Fund Limited

For any enquiries, please contact us:
Risk Monitoring Division, Risk Management Department
Japan Securities Clearing Corporation
Tel: +81-50-3361-1789

]]> [IRS]Acceptance of Application for Renunciation of Clearing Qualification /jscc/en/information/news/20250416.html Wed, 16 Apr 2025 07:00:00 +0000 /jscc/en/information/news/20250416.html Acceptance of Application for Renunciation of Clearing Qualification
Acrobat Reader

The “pdf” format refers to the portable document format from Adobe.
To view a file in this format, you must get Acrobat Reader which is available here.

]]> Conducted the Compression of CDS Transactions /jscc/en/information/news/20250414.html Mon, 21 Oct 2024 03:00:00 +0000 /jscc/en/information/news/20250414.html

Japan Securities Clearing Corporation announced today that it had completed the Compression cycle for all of the cleared CDS Transactions.

Please refer to Statistics* for the results of Compression.
*Data and Information > Statistics > Credit default Swap > Statistics for Credit Default Swap(Monthly)

JSCC will continue to strive for safe and efficient operation of Clearing Business, including continuous implementation of Compressions, to contribute to an improvement of convenience of market participants.

]]> Judgement regarding Ad Hoc Modification of AS-VaR Parameters - Update of AS-VaR Parameters ( April 11, 2025) /jscc/en/information/news/20250410-03.html Thu, 10 Apr 2025 09:00:00 +0000 /jscc/en/information/news/20250410-03.html

　As a result of the judgment pertaining to ad hoc modification of AS-VaR Parameters, because recalculated AS-VaR Parameter values of the GOLD Group exceeds the threshold for ad hoc modification, JSCC sets new AS-VaR Parameters effective for April 11, 2025 as below (Getting AS-VaR Parameter File).


]]> 【On April 10】Judgment by JSCC pertaining to ad hoc modification of AS-VaR Parameters (the Gold Group) /jscc/en/information/news/20250410-02.html Thu, 10 Apr 2025 07:30:00 +0000 /jscc/en/information/news/20250410-02.html

　Today's settlement price for the Leading Contract Month of the GOLD Group from the previous day exceeded 90% of the base value of Price Fluctuation Risk. JSCC will recalculate AS-VaR parameters for this Group,GOLD ROLLING-SPOT Group and ODEX GOLD ROLLING-SPOT Group and will determine whether ad hoc modification of AS-VaR Parameters is necessary or not.
We will announce by 6:00 p.m. the results of the judgment and modified AS-VaR parameters (if any).

]]> 【CDS】INTRA-DAY Initial Margin CALL on CDS Clearing Business /jscc/en/information/news/20250410.html Thu, 10 Apr 2025 02:00:00 +0000 /jscc/en/information/news/20250410.html

Due to the market condition in the CDS market, Intra-day Initial Margin is called.
Please see Web Portal for the detail.


]]> Judgement regarding Ad Hoc Modification of AS-VaR Parameters - Update of AS-VaR Parameters (April 8, 2025 – April 11, 2025) /jscc/en/information/news/20250407-03.html Mon, 07 Apr 2025 09:00:00 +0000 /jscc/en/information/news/20250407-03.html

　As a result of the judgment pertaining to ad hoc modification of AS-VaR Parameters, because recalculated AS-VaR Parameter values of the GOLD Group and the Crude Oil Group exceeds the threshold for ad hoc modification, JSCC sets new AS-VaR Parameters effective for April 8, 2025 – April 11, 2025 as below (Getting AS-VaR Parameter File).


]]>