Japan Securities Clearing Corporation (JSCC)
Swaps data: the monopoly effect in clearing
There are only a handful of products where clearing volumes are evenly split between rivals
Taper talk drives wild swings in JSCC-LCH basis
Difference between pay-fixed yen swap rates at LCH and JSCC neared 16bp before falling 30% last week
Swaps data: CCP and Sef volumes still growing
First three quarters show strong growth in interest rate swaps, forex NDFs and index CDSs
Monthly swaps data review: analysing CCP and Sef volumes
Data shows strong growth at LCH and JSCC, while OIS products surge
Banks calm on Eurex-LCH basis volatility
Past basis blowouts prepared banks for movements, say traders
HKEx: real-time settlement key to cross-currency swap clearing
JSCC and KRX also said to be working on cross-currency swap clearing offerings
LCH-JSCC basis to boost XVA acceptance in Japan
Prices now "can't be explained without reference to XVAs", says Nomura credit head
LCH-JSCC basis rockets for cleared yen swaps
Cost of receive-fixed swaps at JSCC jumps fivefold in a week
Japan’s Quick takes on MarkitWire with domestic affirmation service
Japanese language service targets domestic regional banks
Slow start to US dollar rates clearing in Japan
Dealers cite limited demand to clear foreign currency interest rate swaps at JSCC
JSCC applies to US for exempt clearing status
Japan clearing house abandons three-year-long application to become approved DCO
CCPs confront cleared swap basis threat
From Japan to Mexico, CCPs are trying to avoid repeat of CME-LCH price disparity
Nomura exec: client clearing scale insufficient outside Japan
Competition is set to intensify for Japan OTC clearing market as Sumitomo Mitsui Trust Bank starts client clearing
Low CCP compression rates in Japan vex foreign banks
Leverage ratio concerns weigh on international dealers
Asia dealers review CCP risk management approaches
Shanghai Clearing House lags regional peers, say market participants
Japan FSA proposes two phases for mandatory clearing
Japan expands scope of clearing regime
JSCC to be first Asian CCP to clear single-name CDSs
Second-quarter start date slated by the Japan-based clearing house
Clearing House of the Year – JSCC
Asia Risk awards 2013 winner: JSCC – Clearing House of the Year
JSCC to start client clearing by March 2014
Japan’s over-the-counter derivatives clearing house will soon allow member banks to offer client clearing and it also plans to merge with another domestic clearing house, according to a senior official.
Central clearing: what obstacles remain for Asia?
Despite the deadline for introducing central clearing already passing, a number of questions are unanswered. Leading figures from around the region voice their concerns
JSCC reviews capital threshold for clearing membership
Japan’s central counterparty proposes a 20-fold lower capital threshold for membership for it to qualify as a recognised clearing house under US rules; it also started successfully clearing yen interest rate swaps as of last week
Asia CCPs unlikely to fully comply with Iosco before end-of-2012 deadline
New levels of complexity and ongoing regulatory framework discussions mean full compliance with Iosco’s new principles is unlikely before the January 1, 2013 deadline